Novo Resources will choose direction before end of August '19Novo Resources ( TSXV:NVO ) is about to end a massive triangle, completion to be expected before the end of August 2019. My bet, with gold back in bullmarket, is that Novo will move strongly upward.
Background: this junior is active in the Western Australian Pilbara region and has found massive gold resources, being researched now for inclusion in the M&I resources. This could be one of the largest gold discoveries ever. Do your own Due Dilligence please.
NVO
Set up NVO.ca (TSX)Nice set up here in this resource stock. Watching for confirmation of bounce on fresh uptrend start.. 4.65 good buy taget, with an add over 6.
LABU, long trade ideaI've been in an out of LABU over the years. I rode it up recently to the upper trend line. I now see a pullback complete and a chance we are breaking out of a bull flag higher. Stop anywhere below the flag (dotted red lines) should break above the upper trend line and move higher. IMHO
IBB, LABU Pharma trade ideaGoing long on the Pharma sector. Anyway you slice this chart its a breakout.
LABUI like LABU here. The stock markets are starting a new cycle which will move LABU higher. I have a target of $60, but I bet it goes much higher.
IBB Biotechnology sectorIBB, the tracking stock for the Bio sector looks ready to regain its upward trajectory. With the RSI and %R at very oversold positions it may be ready. We recently had a bounce off the 200ma, There appears to be consolidation in the blue box currently. Look for a move above the 8ema to enter long.
NVONVO appears to be avoiding the downtrend and instead has been consolidating. Breaking out of the older (purple) channel. Could be forming a bull flag and a move higher.
