Analyzing the options chain and the chart patterns of NG NovaGold Resources prior to the earnings report this week, I would consider purchasing the 3usd strike price at the money calls with an expiration date of 2024-6-21, for a premium of approximately $0.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NovaGold momentum turned negative Aug 14 2020. Toggle ai: 89% of the time this leads to a rally in price (conditions notable relative to history)
AMEX:NG On Thursday May 28th,“Short seller” J Capital (j cap is their hip, self- appointed nickname) published an intentionally provocative report saying to short NovaGold Resources. It included a bunch of attention-grabbing sections (entitled things like Original Sin and Fool’s Gold), very clever... However, a rudimentary background check on Tim Murray and Anne...
After breakout, now it is pulling back to $9.80
New high is for #Novagold today but #rsi is still weak and may pull back on next week before it continues.