Novo narrowly broke above a prior high on Friday. The long term chart shows a large descending wedge that has already broken out. At the margin, this confirms a trend with a higher high. Do buyers flood in and push the stock to its prior highs? Nobody knows for sure, but I believe the bullish ingredients are all there.
Keep in mind that the price of Gold was much lower in 2017 than it is now as well.
I have been positioned in this for more than a year, having added considerably in the mid $1 range.
Keep in mind that the price of Gold was much lower in 2017 than it is now as well.
I have been positioned in this for more than a year, having added considerably in the mid $1 range.