New Gold Inc. (ARCA:NGD) , a company engaged in gold mining, offers investors a unique opportunity to invest in the precious metals sector. With the latest earnings report showing C$0.04 per share for the quarter and total revenues of C$270.07 million, the company demonstrates stability in its operations, despite a negative net margin of 7.20% and a negative...
Super super bearish..... it broke down, reclaimed, then broke down again to confirm it.
Chart looks good, gold chart looks good, world is ending. Company is super solid! Why not buy a lot?
Newgold just had a nice earnings bump . Watch for resistance to be broken shortly and buy the breakout .
The market is behaving as expected.. Is now a good moment for NGD? Hitting around 9-10$ zone? Let's see, just an idea 💡
My thoughts on New Gold. Into break out resistance, this should bounce somewhere in this area. It might even be the low. Long term hold. Be careful as the market never gives you certainties, only probabilities.
New Gold trend reversal breakout and pullback. Gold Silver and Copper mines in good jurisdictions (important!)
looks bullish to me, c&H + wedge like pattern Broke out with volume. which is a ++.
Cup is forming but no clear handle has formed. Ascending triangle with the top trendline being somewhat flat and is resistance until price breaks the trendline, which is has. No recommendation. ATH 62.22 3 Year high is 38.5. Yearly high is 26.77
NGD has been in a significant uptrend in February after making a double top that manifested a Cup & Handle pattern. Price closed above the descending trend line to break out of the wedge. ADX is showing the start of a bigger trend. First target 2.20 , 2.94, 3.57
Fundamental side of The Idea : Miners continue to outperform gold. This ratio is now confirming a prior breakout with authority and making higher lows since March. While all eyes remain on Gold and crypto , this industry is climbing a wall of worry. About the company New Gold's balance sheet is looking better thanks to a high gold price. However, all-in...
Chart pattern: Bull flag Entry: 1.84$ (this would end the downtrend of the correction/bull flag) Stop: 1.69$ Target: 2.31$ Stopmanagement: ATR Stops 4H chart default settings Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1.6 Fibonacci extension of...
$NGD Target 2.32 for 20.62% Or next add level is at 1.54 I did not add here today. Just charting and Targeting and organizing. — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as...
If we finish with the bullish engulfing Target1 2.05 Target 2.39 Divergence in Macd and money flow increasing
Morming all, New Gold Mining was one of the high Fliyers. Various Investment Fonds discovered this company. In my opinion, there is a typical EW structure by weekly Chart. Relative strenghtness to others (Newmont, Barrick) ist impressive. (Not on the chart, but checked since march 20 an march 19. Any comments are welcome, also for discussing. have an nice...
Potential gain:+25% Reward/Risk:5 Timeframe: 1-4 wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue...