Northgate Exploration Limited - TSX: NGX; AMEX: NXG Message Board

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Gold/Mining/Energy : Northgate Exploration Limited - TSX: NGX; AMEX: NXG

NXG 50.09

-1.2%

11:28 AM EST

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To: Northern Marlin who wrote (49)	8/21/2004 9:13:03 AM
From: Northern Marlin	Read Replies (1) of 148

Chart update: NXG burst through $1.75 on Friday only to fall back at the close. Take a look at the 5-minute chart for Friday; most of that day's volume happened by 11:00am. stockcharts.com[w,a]iacayiay[d20040819,20040820][pb50!b200][vc60][iLb14!Le12,26,9]&pref=G Now look at the daily chart. NXG climbed above $1.75 for the first time since it fell through that mark when poor results were reported for 1Q04. Friday's candle notwithstanding the chart indicates that NXG will attempt to break through $1.75 again real soon. Draw a horizontal line at $1.75; draw a trend line from the low in Mid-May through the higher lows in June, July, and August. This sure looks to me like an ascending triangle, with the breakout coming soon. stockcharts.com stockcharts.com

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