I saw the downtrend line on the chart as well but, for a short term trade, if you can make three cents or more in a couple of days, that can be a nifty profit (20%+). I suppose you also have to add in the impending drilling results announcement into the mix. That could see it go either way. I will add that it is below the 20day MA, which also makes it a high risk trade. If the upside wins, then it can be quite profitable.
cheers Ange
NGM Price at posting:
17.5¢ Sentiment: None Disclosure: Held
