NGD trade ideas
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+
NEWGOLD INC NGD JANUARY 2019 LONG STOCK PRICE TARGETA PICTURE IS WORTH A THOUSAND WORDS
AMEX:NGD TSX:NGD
Open Gaps on NGDNGD may pop up as some chart patterns do and fill some gaps. In the mean time it may test lows or make new lows.
NGD IdeaAMEX:NGD
Entered NGD at 1.23 on February 11th.
Looking for a Gap fill.
Target area is pretty wide.
New Gold 25% move upI've been looking at NGD for years now. We are looking to a 25% move up for the next weeks.
Since august - september drop under 30% day RSI (14),
we've had what i consider a good sign :
it's 2 consecutive green Vol Days (14),
second one is higher,
combine with a price move up,
higher than previous close.
Both move got a 10% move up witch is what i'm looking for.
So the Zack mid target price of 1,30$ to 2,20$ is coming up
I consider 1,45$ before February 15th.
New Gold (TSX) out of RSI Week drop, touching MA (20)We've been on a bearish move for very long,
we are now touching Moving average (20)
and we are out of under 30% RSI week (20)
everything looks good for febuary 15th
Zack prediction between 1.30$ and 2,20$ is coming
see my other analysis of Day RSI (14)
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
NGD - Looking For a Penny Stock To Hold For Awhile?Might be GOLD related, which is on bullish run at this time. $3.00 is for resistance noted on chart, then $4.00. That is reason why you would need to have a lot of shares to see any descent results.
Huge Opportunity in New Gold Inc The weekly breakout has arrived. On the verge of a major reversal. I see this going to $6 per share. I believe we could reach double digits long term.
Previous analysis:
I am long from 2.56, 2.77, 3.15, and 3.05
Keep it on your watchlist!We see a nice Triangle forming, and heading onto a possible breakout.
As we are in a longterm down trend, the breakout will possibly be to the downside. Still I advise us all to wait for the breakout and then even for a retracement if you are conservative.
As usual, I wish you all the best
Another nice channelas we can see, price goes up right now.
I suppose it will continue to the top of that channel, and if we are lucky, even break out (resistance was tested four times already!).
I will jump in on this one, since it seems to be a good classical channel.
Any comments, suggestions?
STRATEGY FOR NEW GOLD INC.I think the big opportunity in here is the long trade. I actually am not taking the short trade on this due to trading restrictions. I will however go long if we see price reach the 2s.
BIG PICTURE
Stock exhausted!! LIFETIME opportunity in a miner!!Stock exhausted!! LIFETIME opportunity in a miner!!
Reversal at Major SupportBesides the past few months, this year has been extremely bullish for $NGD. Now that price has come to a major support area, It looks like the trend is going to reverse. I really like this trade due to the Squeeze Momentum Indicator showing bullish divergence, while also indicating a squeeze is going to happen. Also, on the WaveTrend Oscillator it is near oversold with a buy signal, and it is showing bullish divergence too.
NGD looking shiny again!Gold miners have been beaten worse than a 20th century French army. The momentum looks good. Time for a turn around.
NGD GOING FOR ONE MORE WAVE UP?NGD is trading in an uptrend and at the moment it is in a corrective phase. If the rising trendline holds i'm expecting a new wave up with a potential gain above 30%. A strong breakout of the rising trendline invalidates this setup.
