NGM 0.00% 19.0¢ ngm resources limited

short term trade 3rd aug, page-6

  1. 2,196 Posts.
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    Finally, here's the chart.

    You'll notice the following positive buy signals...

    - Bounce up off .155 short term support level.
    - Good volume today and finishing at the higher end @.175
    - Stochastics turning up from very oversold level
    - RSI turning up nicely


    Will be interesting if it clears the short term downtrend line. With impending drilling results due, it's an opportunity I just couldn't go past. Tight stops. Good luck to all who hold.

    cheers
    Ange
 
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