So this was following golds trend back in May/June Gold has since taken back off after the C19 crash but new gold has not. Most people liquidated their funds to have cash on hand from what I understand. I would hold this tho with the rising gold prices I am sure it will make a nice recovery.
We've been on a bearish move for very long,
we are now touching Moving average (20)
and we are out of under 30% RSI week (20)
everything looks good for febuary 15th
Zack prediction between 1.30$ and 2,20$ is coming
see my other analysis of Day RSI (14)
I've been looking at NGD for years now. We are looking to a 25% move up for the next weeks.
Since august - september drop under 30% day RSI (14),
we've had what i consider a good sign :
it's 2 consecutive green Vol Days (14),
second one is higher,
combine with a price move up,
higher than previous close.
Both move got a 10% move up witch is what i'm looking...
as we can see, price goes up right now.
I suppose it will continue to the top of that channel, and if we are lucky, even break out (resistance was tested four times already!).
I will jump in on this one, since it seems to be a good classical channel.
Any comments, suggestions?
Besides the past few months, this year has been extremely bullish for $NGD. Now that price has come to a major support area, It looks like the trend is going to reverse. I really like this trade due to the Squeeze Momentum Indicator showing bullish divergence, while also indicating a squeeze is going to happen. Also, on the WaveTrend Oscillator it is near oversold...
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.