NST seems that it has found some resistance and is retracing lower. The breakout to the upside worked well and looks like the next pullback could be around the corner for another buying opportunity. I have marked a buy zone ranging between $9.70 - $10.40. If price retraces lower within that range, I would take a long position after bullish price action.
NST. Been following this one for a few weeks. Price broke a 2 month downtrend in mid march with a huge volume spike. Break out came back and retested volume shelf. Price action now confirming bullish move with 3 white soldiers. Multiple price levels could act as targets from here. Long term upper target is around 13.72. In the near term a price needs to get past...
After falling hard, it seems that NST has found solid support. With the Bearish Trendline getting broken after a solid bounce, coupled with very High Volume and MACD Cross, I expect a follow through in price to the upside. I am bullish NST and expect it to move higher. My trading plan is as follows:
TP1 - $10.80 (Potential gain 10%)
TP2 - $11.80 (Potential gain...
Bearish trend confirmation indications:
1. Formed a double top and broke the trendline.
2. It has made a swing low of $12.18 and consolidating near the Support Zone.
3. The bullish trend has been running since a long time, but the monthly candle for November
was a big red engulfing candle, and a bearish closing near the lows.
4. Seems that the Bulls have...
Setup in the GDX and GLD at the moment is begging for gold miners to revert back into an upward cycle
Technically we have enough waves down to consider the formation complete and divergence is coming through stronger as the days pass
NST is one of those stocks. ASX listed
All the best. Please hit like and support the ASX listed traders on...
well i think if gold falls this can fall further but due to the quality of the stock i would say accumulation will start around here n at 200 dma, after tht it depends on gold if gold fall i have marked further support points for the fall
$NST retested the weekly trendline and 20 moving average,
however, I would trade with caution because a rising wedge pattern is forming on the weekly chart.
Because of the recent run and bearish divergence with DMI and RSI,
I think it is more likely we go down from here due to profit-taking.
Northern Star, one of my favorite Gold stocks to invest in.
I'll be looking to add more on the dip because we can see an ascending triangle forming on the weekly chart.
Due to the current economic situations (COVID 19 and Gold prices going up),
another breakout could be on its way and $NST could set a new all-time high in July or August.
It has been a tremendous run for NST 11 years or so but now could be a turning point even if thats short lived.
Points in case:
priced closed below 20 Moving average
10 EMA BELOW 20 EMA
2-3day Stochastic RSI in a downward direction
See how this goes. This is based on how I read the charts
Nice opportunity to buy this one at lower prices if we get the reversal pattern at this double top. MACD and RSI are divergent on this second test of the top. Looking for a deep pullback. Targets for buy as shown
Northern Star Resources Ltd. is a gold producer and exploration company. It operates through the following segments: Pogo, Kalgoorlie Operations, Jundee, and Exploration. The company founded in May 2000 and is headquartered in Subiaco, Australia.