NG1! - testing the resistance

٢٧ يوليو ٢٠٢٢

NG1! has been consolidating in an upward channel since Jul-6. On Tuesday it broke resistance and made double-top from June's highs. Currently it's testing previous resistance - which is now a support. TTM squeeze seems overextended. Once the support is broken we can see significant correction - I belive to 7 or even 6. If not, the price will continue to 2008 high.