Fundamental side of The Idea :
Miners continue to outperform gold.
This ratio is now confirming a prior breakout with authority and making higher lows since March.
While all eyes remain on Gold and crypto , this industry is climbing a wall of worry.
About the company
New Gold's balance sheet is looking better thanks to a high gold price. However, all-in...
Chart pattern: Bull flag
Entry: 1.84$ (this would end the downtrend of the correction/bull flag)
Stop: 1.69$
Target: 2.31$
Stopmanagement: ATR Stops 4H chart default settings
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1.6 Fibonacci extension of...
$NGD Target 2.32 for 20.62%
Or next add level is at 1.54
I did not add here today. Just charting and Targeting and organizing.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as...
Potential gain:+25%
Reward/Risk:5
Timeframe: 1-4 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue...
Downtrend on the short term here. Looks like this MIGHT go into $1.6 - $1.7 range.
Careful if you have a position might be better to exit and get back in at the support level.
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Hey y'all, I have been looking at gold prices and if we can get back above $1960/oz we should keep running up to $2000+/Oz. If this happens have your eyes on NGD, I have options in this company for $3 strike may 21. They are extremely cheap and We could see 100% gain on these contracts or higher. Gold Is looking amazing for the 2021 year and multiple analysts have...
Choked the trade because I wanted to close the books for July. Didn't go up anyway. Good decision.
Jul 23, 2020 09:34
Shares traded: 10000
Closed P&L: $250.00
Share trade
Tags:
ibkr
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Execution detail:Advanced >
Date/time Symbol Qty Price Position
2020-07-23 09:34:20 NGD 5000 $1.580 5000
2020-07-29 09:41:37 NGD -5000 $1.630 0
New Gold Inc. is engaged in the operation, development and exploration of mineral properties. Its portfolio includes Rainy RIver, New Afton, and Cerro San Pedro. The company was founded on January 31, 1980 and is headquartered in Toronto, Canada.
New Gold Inc. is a gold mining company, which is engaged in the operation, development and exploration of mineral properties. Its portfolio includes Rainy RIver, New Afton, and Cerro San Pedro. The company was founded on January 31, 1980 and is headquartered in Toronto, Canada.
Arca
