NovaGold Resources Inc. (NG) -NYSE MKT Message Board

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Gold/Mining/Energy : NovaGold Resources Inc. (NG) -NYSE MKT

NG 10.62

+7.2%

1:32 PM EST

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To: Investor2 who wrote (30)	6/14/2014 7:56:10 AM
From: The Ox	Read Replies (1) of 129

Yes, a classic and successful test of the MA(200). Very, very positive. Interesting to look at the RSI(14) during the past 2 climbs, first in Jul/Aug of last year then during the run into the last high in March. The first was shot down by MA(200) and the RSI failed to peak strongly into the 70s. Common for stocks in a strong down trend. The second, the stock came back to the MA(50) and held it for a couple of weeks before breaking down to the MA(200), finding support. Again, common for stocks in an upward trend. Now let's see if the RSI can hang above the 50 line for a few months, like it did from Dec through March!! With support from rising gold prices, the stock could easily make a new high in the coming weeks. Junior gold miners have been so out of favor for the past few years that there could be a really nice run coming if the sentiment around this sector would turn more favorably. I haven't looked into their press lately, so I've assumed that most of this run is more technically related than due to anticipation of stronger results.....

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