nge's first uptrend

Morning all, I think that due to NGE’s history i.e. its listing then plummet in GFC and has never actually been in a sustained uptrend, its really difficult to be sure about resistance and support points (as well as other technical’s) in this stock. As a lot of people have said, currently this stock is very much a fundamentally driven stock, however once the announcement is out, technical’s should really give a strong indication as to its direction. What I am saying is that this stock is really still trying to sort itself out, and with the exposure of late, its almost like a second IPO for this stock or at least a correction for the first IPO. A few Doji or close price finishes in my opinion will be good for this stock, firstly it would indicate indecision in the market, that’s fair enough until an announcement, and secondly it will firm up support and resistance levels in an uptrend, thus giving the stock a platform to move forward from. Good to see so many more people getting into and out of NGE and it thread here on hotcopper. Oh and if the deal is signed or not, NGE will still drill this year, just a few less holes, but hey its seeping to the surface, shouldn’t need to much of a hand to follow the stream.

Cheers