NGDNewgold just had a nice earnings bump . Watch for resistance to be broken shortly and buy the breakout .
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About NEW GOLD INC
Sector
Non-Energy Minerals
Industry
Precious Metals
CEO
Patrick Godin
Website
newgoldinc.com
Headquarters
Toronto
Employees
1.578K
Founded
1980
ISIN
CA6445351068
New Gold, Inc. is a gold mining company, which engages 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.
NGD will it hit 9-10$ zone? The market is behaving as expected..
Is now a good moment for NGD? Hitting around 9-10$ zone?
Let's see, just an idea 💡
New Gold bull runMy 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.
NGDNew Gold trend reversal breakout and pullback. Gold Silver and Copper mines in good jurisdictions (important!)
I came across NGDlooks bullish to me, c&H + wedge like pattern Broke out with volume. which is a ++.
Ascending TriangleCup 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 Bullish 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
New Gold Inc /Gold Miners / Investment Idea
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
New GoldChart 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 Fib
$NGD Target 2.32 for 20.62% Or next add level is at 1.54$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 posi
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
