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Re: Hunterdog post# 9996

Tuesday, 11/24/2020 12:07:30 PM

Tuesday, November 24, 2020 12:07:30 PM

Post# of 14223
Hi Guys,

Just finished my review of the technical chart patterns for the trading of NGW.

On the two year monthly chart it is easy to see a head and shoulder pattern has been developed.

Technical chart theory states that the next move should be up. And in addition the range of the next move is defined by the price range between the head and the shoulder price range.

For NGW that range is approximately $.25 U.S.

So now my forecast for the next several months of trading NGW should be moving up and making a new high. My forecast for the next 3 months is $.50 - $.60 U.S.

And this range fits nicely into my earlier price to sales models noted on my previous posts.

Naturally this range could move higher with some significant sales event being made public by the company.

Well Guys, there you have it. As we all sit back, Happy Thanksgiving to us all. And please keep staying safe.

Next week should prove well worth the wait for all of us.

Buying more as funds become available.

GLTA

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