After having consolidated from its most recent rise, Novo Resources seems to have enter its wave iii of 3, the usually the most bullish phase.
Previous trade has worked out perfectly and previous target is now surpassed, there looks to be more upside potential as volume remains strong Company profile Novo Resources Corp. engages in the evaluation, acquisition and exploration of natural resource properties. It holds interest in Karratha Gold, Pilbara and Nevada projects. The company was founded on October...
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...
Been holding for about 2 years now. For all my lack of patience with trading positions, I've been patient with this one. Nice pop yesterday. Hmm.
VANCOUVER, B.C., Oct 09, 2019 (GLOBE NEWSWIRE via COMTEX) -- VANCOUVER, B.C., Oct. 09, 2019 (GLOBE NEWSWIRE) -- Novo Resources Corp. ("Novo" or the "Company") (NVO)(otcqx:NSRPF) is pleased to announce it has recovered significant coarse gold from trenching and bulk sampling at its Egina gold project, Western Australia. Recent results further confirm Novo's view...
Check out this beautiful wedge about to break out. I've been holding a substantial position for a while now. Earliest position that I still hold is from over 1.5 years ago. I've tried my best to buy the dips and today the entire position finally went green. If a gold bull market manifests, well I'd expect new highs and then some. Holding Old Turkey.
Approaching upper resistance (medium term downtrend). Ideally a weekly close above and that will signal the next run
After a very deep, almost exact 78.6% fib retracement, Novo is now showing signs of bottoming. Inverse H&S pattern. MACD divergence on the daily. I highly doubt a favorite investment of Eric Sprott could crash even further than 78.6% retracement. I already bought the low and am holding a small profitable position. A breakout from the inverse H&S would be a...