NGD - a gold mining penny stock is bullish LONGNGD on the highly reliable monthly chart has signs of bullish momentum including a cross over
the POC line of the volume profile,a monthly volume bar over the running mean for the first
time in two years price crossing over the mean anchored VWAP and both the trend and
the momentum indicators making reversals. I will open a long trade of both shares as well
as a lot of call options for mid- November striking OTM at $ 1.50. This junior miner
stands to gain earnings when gold prices rise proportionately more than established global
mining operations. My target is 3.5 just under two standard deviations above VWAP. I will
take off 1/3 of the position at 2.7 at the first standard deviation above VWAP in best practices
for risk management.
NGD
EXK ffalling wedge breakout after silver mining earnings LONGEXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart,
it has been in a falling wedge for more than six months. The earnings report was a 40% beat on
earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action
has been supported by higher volumes. The Price Momentum Oscillator and Relative Trend
Index indicators provide further documentation of the bullish momentum. I will initiate
long trades of shares and call options here. I am targeting 3.5 for 40% upside. I will take
off 1/3 of the trade upon reaching 3.0 and convert the stop loss to a trailing 5%.
Wheaton Precious Metals 15%-30%+ Potential GainCompany Profile
Sector : Materials
Industry : Metals & Mining
Company Location : Vancouver, BC
Wheaton Precious Metals Corp.(WPM), a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.
12-Month Price Targets :
Mean: $204.00
High: $300.00
Low: $157.00
News :
04:52 PM EST, 12/22/2021 (MT Newswires) -- New Gold(NGD) on Wednesday said it closed the US$300-million sale of a gold stream from the Blackwater project in British Columbia to Wheaton Precious Metals(WPM)
The company sold Wheaton the stream it acquired from Artemis Gold(ARGTF) when it sold Artemis the Blackwater Project in August, 2020.
The gold stream gives Wheaton 8% of the gold produced from Blackwater, dropping to 4% once 280,000 ounces of gold have been delivered.
$NGD Target 2.32 for 20.62% Or next add level is at 1.54$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.
—
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 position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
What a exotic chart pattern, Exposure to GoldPotential gain:+25%
Reward/Risk:5
Timeframe: 1-4 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
NGD Cheap contracts with potential if gold continues to run Hey y'all, I have been looking at gold prices and if we can get back above $1960/oz we should keep running up to $2000+/Oz. If this happens have your eyes on NGD, I have options in this company for $3 strike may 21. They are extremely cheap and We could see 100% gain on these contracts or higher. Gold Is looking amazing for the 2021 year and multiple analysts have a 3000$/oz price target. When gold rose to $1960 on Monday NGD saw an 8% gain. Gold will rise when the USD goes down, and also when more inflation happens (current market). We could see Ngd run to $5 Possibly higher. Make sure you do more of your own research and please inform me as well. Look for future outlook releasing sometime this January for NGD as well.
I have added the gold chart into this analysis and it is the orange line.
Thanks,
Ben
113% Gain. Closed. (NGD)Trade update: NGD
I have officially closed my 2 month swing trade on new gold inc for a 113% gain! 😁🥇
Why did I close and take profit?
The daily is showing sell off pressure as the candle forms the red doji crossover.
All 3 bottom ema dot indicators are going red.
Will take till end of market for all indicators to close what they show, went ahead and cleared the table and collected! 💰
Only one more pennystock left in my portfolio which is gopro.
🥇MLT | PRO TRADERS
New gold Inc, 118% (NGD)Update from last post on this one, we added on april 2nd as we found support on the downward channel for a knife catch. Sort of the same approach that I took to capture my current 75% gains on gopro stock.
This trade is still active.
3day has fired green strong non stop since then.
Easy money to be made with our system! 💰💰💰💰
We find the best penny stocks! 🔥🔥🔥🔥🔥
Check the related ideas. Easy call.
We will show you how we find these exact same calls with our penny stock method in our course!
🥇MLT | TRADE LIKE A PRO
New Gold: interesting counter trend playAlthough the Precious Metals Miners are a bit of a mixed bag, there are a couple of interesting stocks for an aggressive long setup. One of the opportunities is New Gold (NGD).
Strong bullish divergence in combination with sector outperformance (near-term) suggests a fierce recovery move is getting under way. A bounce well into the CLoud resistance is the least to expect: 1.26 and 1.48 are the first levels to watch out for. Of course there is elevated risk, but with stops below 0.75 the 'gamble' is worth it.
Near term trend: positive
Long term trend: negative
Outlook: strong recovery in down trend, positive
Strategy: counter trend/recovery long-entry
Support: 0.75 / 0.69-
Resistance: 1.26 / 1.48 / 1.76+
GOLD clear risk/reward setting up LONGHi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical analysis.
I would love to hear your perspective in the comments below relating to Gold, please do your own research this is an asset we have spent a lot of time following and analyzing and we understand our risk to reward parameters for the trade.
Have a great weekend everyone!
Signs for the next bullish run in Gold Looking at one gold miner we could see a possible bottom is taking place. Gold miners *usually* go up for only a few reasons.
1) Price of gold is rising
2) They found what they were looking for
3) They found more than they were looking for
This bottoming structure is a symptom of #1
Original NGD analysis:
This stock has been very good to me