faronf

NewGold is out of fAVOUR but for how long?

faronf Diupdate   
TSX:NGD   NEW GOLD INC
Maybe a final downward move in an Ending Diagonal, target $0.60/share BUY but may not get that low. min $2 target by Eof 2020.
Komentar:
60 cent is a lottery buy price; the support region at 0.86-.90 is a much more likely entry.
Komentar:
NewGold has now returned to the 500MA; I would now expect a pullback (0.92-1.02 region) for a huge buying opportunity. Another extension higher is possible, however, before we see that retrace. I would watch 500EMA for a possible extension, to which if occurs, it would move the retrace target up to 0.97-1.23 range.
Komentar:
didn't get the retrace I expected on the overly bullish extensions we saw, but target reached and then some.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.