meszaros
Short

NG's price moves in a decreasing trend...

AMEX:NG   NOVAGOLD RESOURCES INC
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The downward trend is expected to continue. Fundamentally, the Randgold / Barrick fusion does not help the company either. The decrease is expected in a triple wave structure that can be formed along a downward channel . The target price is around 2.60 usd.
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