NewGold is out of fAVOUR but for how long?

Updated

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.

faronf

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