$NTM.AX looking to see $0.180c to hit - #Gold $NTM #ASX$NTM.AX looking to see $0.180c to hit - #Gold $NTM #ASX
NTM trade ideas
NTM Long- NTM recently broke out above its symmetrical triangle pattern, market consolidating before next move .
- Potentially a ascending triangle forming short term and long term, all depends on drill results in November, if good could breakout above 14c which will be a all time high.
- Support at 11.5c which is close to its 50 MA, will look for entry at that price.
- RSI at good level
- Volatility out of this market ATM.
- Newish to Trading and TA so appreciate all feedback and constructive criticism.
NTM.ASX Triangle breakoutThis is a relatively simple trade. Because of the length of that triangle It would be a fairly safe trade to ride this breakout to the top of the triangle peak which will give a nice line of resistance that we can use for a target. This is a gold miner so we can follow the gold price to ensure that we dont get a fakeout and watch this thing whip back down past the break out. We have a little flag now so yo can cut down a little bit of risk and wait for the breakout above the post of the flag at 0.057 cut the risk down a bit.
I wish I had picked this up on my screener weeks ago because this is a juicy one!
