NGD on the highly reliable monthly chart has signs of bullish momentum including a cross over
the POC line of the volume profile,a monthly volume bar over the running mean for the first
time in two years price crossing over the mean anchored VWAP and both the trend and
the momentum indicators making reversals. I will open a long trade of both shares as...
New Gold Inc. (ARCA:NGD) , a company engaged in gold mining, offers investors a unique opportunity to invest in the precious metals sector. With the latest earnings report showing C$0.04 per share for the quarter and total revenues of C$270.07 million, the company demonstrates stability in its operations, despite a negative net margin of 7.20% and a negative...
My thoughts on New Gold.
Into break out resistance, this should bounce somewhere in this area.
It might even be the low.
Long term hold.
Be careful as the market never gives you certainties, only probabilities.
Cup is forming but no clear handle has formed.
Ascending triangle with the top trendline being somewhat flat and is resistance until price breaks the trendline, which is has.
No recommendation.
ATH 62.22 3 Year high is 38.5. Yearly high is 26.77
NGD has been in a significant uptrend in February after making a double top that manifested a Cup & Handle pattern. Price closed above the descending trend line to break out of the wedge.
ADX is showing the start of a bigger trend.
First target 2.20 , 2.94, 3.57
Fundamental side of The Idea :
Miners continue to outperform gold.
This ratio is now confirming a prior breakout with authority and making higher lows since March.
While all eyes remain on Gold and crypto , this industry is climbing a wall of worry.
About the company
New Gold's balance sheet is looking better thanks to a high gold price. However, all-in...
Chart pattern: Bull flag
Entry: 1.84$ (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...
Morming all,
New Gold Mining was one of the high Fliyers.
Various Investment Fonds discovered this company.
In my opinion, there is a typical EW structure by weekly Chart.
Relative strenghtness to others (Newmont, Barrick) ist impressive.
(Not on the chart, but checked since march 20 an march 19.
Any comments are welcome, also for discussing.
have an nice...
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...
