NGGB (#2) – A good spike, +20%
Greetings.
Here is my update on the technical review on NGGB written on 30th Oct. (Link -
)
1. Refer to the previous analysis on NGGB, I spotted a series of 10 days support above 0.46 which forms the flag pattern.
2. NGGB has finally showed momentum, surging the price from 0.47 to a high of 0.565 just within 3 days. The two key Fibonacci key levels (resistance : 0.505 and 0.535) was broken (refer to the previous post).
3. Based on the current key Fibonacci levels, 0.565 is the current resistance point (100% Fibo key), breaking this point will indicate that the next target price will be 0.595 which the next key level (123% Fibo key).
4. Current support will be 0.54, 0.52, 0.505.
This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
Here is my update on the technical review on NGGB written on 30th Oct. (Link -
1. Refer to the previous analysis on NGGB, I spotted a series of 10 days support above 0.46 which forms the flag pattern.
2. NGGB has finally showed momentum, surging the price from 0.47 to a high of 0.565 just within 3 days. The two key Fibonacci key levels (resistance : 0.505 and 0.535) was broken (refer to the previous post).
3. Based on the current key Fibonacci levels, 0.565 is the current resistance point (100% Fibo key), breaking this point will indicate that the next target price will be 0.595 which the next key level (123% Fibo key).
4. Current support will be 0.54, 0.52, 0.505.
This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
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