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Novagold Resources IncNovagold Resources IncNovagold Resources Inc

Novagold Resources Inc

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Long NGNG closed with a solid weekly candle which is indicating bullish momentum. It appears that we're primed to test the .618 level, and if we break through, we're in for a massive move. Breaking that level means shattering resistance and breaching the 200 EMA - all good signs for a rise in NG prices. I’m targeting the $8 zone for taking profits. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
AMEX:NGLong
by WaltrAlexander
NEW POSITION $NG Target 10.09 for 23.20% $NG Target 10.09 for 23.20% Or double position at 6.29 That's one heck of a dip right there. I don't love trading gold so I took a smaller than normal position here... but it looks like it has a nice range. — 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 possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
AMEX:NGLong
by SPYder_QQQueen_Trading
NOVAGOLD RESOURCES Analysis DailyHey traders, NOVAGOLD RESOURCES is in a bullish configuration with high buying volume and a failed sellers attempt. We see the last session then the one before a large volume of sales executed. NOVAGOLD RESOURCES is heading towards its last low point See the 5 Min TIMEFRAME to turn around. Strong potential to breakout the consolidation zone to reach the next high point, which corresponds to the high of the next consolidation zone. Please LIKE & FOLLOW, thank you!
AMEX:NGShort
by stephanelibatd
NG Technical Analysis and Prediction. AMEX:NG On Thursday May 28th,“Short seller” J Capital (j cap is their hip, self- appointed nickname) published an intentionally provocative report saying to short NovaGold Resources. It included a bunch of attention-grabbing sections (entitled things like Original Sin and Fool’s Gold), very clever... However, a rudimentary background check on Tim Murray and Anne Stevenson-Yang (principals at J Cap) shows that these two have virtually 0 credible finance experience or pedigree, let alone expertise in Alaskan gold mining. In fact, they were previously Cook Book publishers. Tim Murray has gone on record saying: “Equity research is not that different to publishing” and “I’d never really worked in but I had run companies, I knew how companies operated and I had been screwed in business in China every single way possible.” Their website cites zero in terms of track record/past performance, in addition to looking like a 3rd grader constructed it. Yet, nonetheless, the stock dipped over 10% based on their “research”. NG will be setting the record straight next week and responding to their claims. Billionaire Dr. Thomas Kaplan is going to author the response and discredit J Cap with it by the time he is done. Billionaire hedge fund manager John Paulsen bought NG in Q1’20. Over 55% of float is owned by institutional investors. Conclusion: Buy NG at market open on Monday to catch a rally to $10.19 and if it can break $10.19 there is a gap fill up to $10.36, which would indicate a great swing opportunity to $10.65.
AMEX:NGLong
by justinhendrixtrades
1
$NG:NYSE - NOVAGOLD RESOURCES - Good run with positive volumeNovagold Resources Inc. is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company's segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska. The Company has its interest in the Copper Canyon copper-gold-silver property that is adjacent to the Galore Creek project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land, and Alaska state mining claims. The Galore Creek project is a copper-gold-silver project located in northwestern British Columbia. The Company's subsidiaries include NOVAGOLD Canada Inc., Copper Canyon Resources Inc., NOVAGOLD U.S. Holdings Inc., NOVAGOLD Resources Alaska Inc. and AGC Resources Inc.
AMEX:NGLong
by zAngus