Riding The Gravy Train: Northern Graphite Corp. (NGC, NGPHF)

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Wednesday, September 04, 2013

Northern Graphite Corp. (NGC, NGPHF)


Northern Graphite Corp. trades in Canada under ticker NGC and in the U.S. under ticker NGPHF.

Here's the chart:


Over $0.95 (CAD) the stock will be above the 2-year downtrend shown in green as well as above its 200-day moving average (not shown), and above recent highs.  That'd be bullish, so it's worth keeping an eye on this one.  Below $0.50 would be very bearish.

$1.00 is an obvious psychological level of possible resistance so, if it does cross above $1.00, a reasonable speculation would be to buy above $1.00 and sell if it falls back to close below $0.95 







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