Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp

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Post by ronreaganon Mar 12, 2021 8:52am

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Post# 32783814

SOME REAL TA

There's a guy over on CEO.CA who has been VERY good at posting AND INTERPRETING charts in an OBJECTIVE manner over a long period of time. It's a privilege to be in the presence of people who have real brains. Here's what he says:

@LouieDePalma Here's the gold chart this morning: https://cdn-ceo-ca.s3.amazonaws.com/1g4mpqp-gc.png+ Gold hit the 62% retracement level of the recent low and tested the top of the little falling channel it broke out of Wednesday. Gold has a lot of work to do to get back to 1900. For now the lower channel trend line and the 20ema are Gold's rock and hard place. The more positive view is that there is an Adam & Eve bottom forming here, the Adam portion already made and this morning's dip to the 62% level is the beginning of the Eve. If the formation plays out then the next week or so could be boring for gold as Eve does her thing, but after that it should lead to a breakout back to where the 50ma is sitting right now. https://cdn-ceo-ca.s3.amazonaws.com/1g4mqj0-gc2.png

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From now on, dynaCERT instead of Bitcoin or NVIDIA?