Sorry, I don't have a crystal ball and I can't see the future. If I could I would be a multi-millionaire over night.
The chart still shows short term support @.155. I'm out of the trade now as the short term upward move I was anticipating was not achieved. I was trading NGM for a bounce off support momentum trade. It had the volume to do it but it sent the price backwards. Today, very low volume, which makes it difficult to move a sizeable holding through. The price may consolidate and if it breaks above .19 on high volume, I would consider it to be moving back in the right direction.
I believe that company is full of potential, but it didn't fulfill the short term trading opportunity I had planned. I had planned to see some increased buying activity and new interest today, but it didn't eventuate. I may be wrong, but I stick to my trading plan.
Good luck to you and all other holders.
cheers Ange
NGM Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
