TSX Venture Bouncing Big, NevGold Chart Setup Perfectly

On Wednesday evening with the TSX Venture Composite Index at 976.02, NIA predicted that panic selling was imminent and explained how based on historical bull markets in the TSX Venture Composite Index, it was likely to bottom at about the 910 level before making its next 100%+ move higher. After closing on Friday at 911.53, the TSX Venture Composite Index gained by 2.06% today to 930.31 and looks ready to resume its rally upward.

Over the past month, NIA has sent a total of 12 alerts on NevGold (TSXV: NAU) explaining it is one of the stocks we are most bullish on for the short/medium-term. NevGold saw healthy shakeouts on both Thursday and Friday, dipping to higher lows of $0.95 and $1.02, respectively. Today, NevGold gained by 4.55% to $1.15 per share and has the most bullish chart setup in the entire market as we approach the upcoming establishment of their maiden antimony/gold resource, which will give NevGold only the second antimony resource in the U.S. today with only Perpetua Resources (TSX: PPTA) currently having an antimony/gold resource and they are worth $4.29 billion:

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.