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NDG is presenting a buying opportunity. However, often opportunities like this end up transitioning to even better ones. For example, here NGD sits on the first clear support level and the 50 day average. But per the Daily Notes and this morning’s public article, we have two options for the gold stock correction. One is where GDX sits right now (42) and the other is lower at the SMA 200 (38.50).

So if the sector chooses the lower option, NGD will probably break support and test the SMA 200 for better buying opportunity. If the sector choose the routine option, where it sits now, NGD’s SMA 50 could be the play. Stock is purely trending up. Anyone interested in NGD might want to watch closely, or perhaps take a nibble now and see if more can be consumed at the SMA 200.

NFTRH+ trade setup ideas are presented for consideration and further research only, not as recommendations. I may or may not personally take positions in all or even most NFTRH+ ideas, as it would depend on my portfolio composition at any given time. “Stop loss” and target levels are usually noted and should be respected.