The $NGCG continuation is coming$NGCG is consolidating at the .618 fib support, MACD is crossing on the weekly with the RSI at 45.
New Generation Consumer Group, Inc.
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Trade ideas
NGCG Chart Analysis upon review wide Bearish divergence can be seen when combing rsi with price action.
adx seems to be creating smaller waves, a downtrend could possibly follow.
20 sma is retesting 50 sma, 200 is still bullish support.
The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be watchful of a trend reversal.
NGCG CHART ANALYSISupon review i did not find any signs of bullish or bearish diversion.
Buying Pressure is increasing.
20sma is trying to cross 50sma to signal trend change.
The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions.
Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be watchful of a trend reversal.
NGCG CHART ANALYSISwhen combing rsi with price action bearish divergence can be seen on the 10th
price action is retesting 20 sma
200 sma is still holding great support.
The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions.
Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be watchful of a trend reversal.
NGCG entry on Break above .006Good Fundamentals and recent news
Short Term: .012
Long Term: .04
Stop Loss: .0049
