$NST - NORTHERN STAR RESOURCES - About to breakout?
Northern Star has been having a great run and has recovered from its recent dip. Its broken through one resistance point and looks to be setting up to break its next high. Needs a bit more volume to support a new run but worth watching for now. Will keep an eye on the OBV to start to break away from the MA to confirm the setup. Big profitable company with good fundamentals.
Northern Star Resources Limited (Northern Star) is a gold (Au) production and exploration company. The Company's principal activities include mining of gold deposits at Jundee, Kundana, Kanowna Belle and Paulsens; construction and development of extensions to existing gold mining operations at all locations; exploration at Central Tanami Project in the Northern Territory, and exploration and development of gold deposits within Western Australia. The Company's segments include Paulsens, WA Australia, which is engaged in mining and processing of gold; Kundana, WA Australia, which is engaged in gold mining; Kanowna Belle, WA Australia, which is engaged in mining and processing of gold; Jundee, WA Australia, which is engaged in mining and processing of gold; Tanami NT Australia, and Exploration, which consists of the projects in exploration, evaluation and feasibility phase, such as Mt Olympus, Fortescue JV and Electric Dingo, as well as ongoing exploration programs.
Northern Star Resources Limited (Northern Star) is a gold (Au) production and exploration company. The Company's principal activities include mining of gold deposits at Jundee, Kundana, Kanowna Belle and Paulsens; construction and development of extensions to existing gold mining operations at all locations; exploration at Central Tanami Project in the Northern Territory, and exploration and development of gold deposits within Western Australia. The Company's segments include Paulsens, WA Australia, which is engaged in mining and processing of gold; Kundana, WA Australia, which is engaged in gold mining; Kanowna Belle, WA Australia, which is engaged in mining and processing of gold; Jundee, WA Australia, which is engaged in mining and processing of gold; Tanami NT Australia, and Exploration, which consists of the projects in exploration, evaluation and feasibility phase, such as Mt Olympus, Fortescue JV and Electric Dingo, as well as ongoing exploration programs.
Comment:
NST has been running again fairly nicely.
Comment:
Had a good run last time I traded it. Looks light it might be back at an interesting area again. EMA(20) back under price for support and through another resistance area. If it makes it back above $10 could be worth a look. Nice 4:1 gain/loss ratio.
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When I look at it on the 15 minute chart there looks to be quite a bit of volume coming through and the indicators have all turned around - so keep an eye on it as it may indeed make a move.