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.
Note
60 cent is a lottery buy price; the support region at 0.86-.90 is a much more likely entry.Note
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.Note
didn't get the retrace I expected on the overly bullish extensions we saw, but target reached and then some.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.