New Gold: interesting counter trend play
Although 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+
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+
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.