NST long from 11.30 I think nst will return to 12 ish from this 1130 point. My stop would be around 1120.
NST trade ideas
NST has broken 2 month down trend 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 10.90 and the higher volume levels around 12.50-12.90.
RSI and MACD supporting the case for bullish action.
NST - Seems that it has found supportAfter 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 20%)
Stoploss - $8.60
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Look to bounce off inverse head and shoulders pattenGold has lost its shine over recent months with Bitcoin making good gains. Look for gold to have a good year with economies printing money like crazy.
Gold potential outlook for NST:ASXIf Gold breaks down in USD terms the next support
for NST is $10 and $7
If USD breaks up then this could be the support here
for another nice leg up.
NST - Seems that the medium term trend has changed.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 exhausted.
There might be two scenarios in the near future.
Scenario 1.
Price might go up and backtest the broken trendline and Resistance, and then fall.
Scenario 2.
Price might consolidate and will break the Support of $ 12.18 and close below.
In either case, I think that the Bulls have got weak at the current levels, and buying is Risky now. I am expecting price to fall below Support of $12.18 and would be looking to buy at Support 2 (at or close to $8.00 - $9.00) after confirmation of Bullish Price Action. The Support 2 area of $8.00 - $9.00 has been strong in the past as well, so it might be a good buying opportunity when it reaches the Support 2 Zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
AX.NST Northern Star ResourcesHey investors
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 TradingView
Regards,
Limitlesss
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#NST #GOLD #XAUUSDwell 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
Trade with Caution Rising Wedge Pattern Northern Star $NST$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.
Here is a buy setup in Northern Star $NSTNorthern 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.
Northern Star Exit pointIt 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:
Double Top
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
Go Long Northern Star Resources $NSTNorthern Star Resources broke out the triangle this week just like Gold. $GOLD
This increases the chances of $NST heading higher and maybe make a new all-time high in the next week or month.
NST - Beast of a gold minerThis company has been on a tear in recent times. Looks to explode soon. It will be volatile, but I'm long
NST Northern Star Resources Short (ASX)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
Here is a setup in Northern Star $NST - TD sequential has a green 2 over green 1.
- Inverse head and shoulders.
- Above all moving averages, acting as support
Worth watching closely tomorrow.
NST A POTENTIAL BUY WITH LONG TERM VIEWNST share price has slightly bounced off from the 100EMA level. Stochastic RSI is showing upward momentum. Target price $13.59
Opportunity for NSTExpecting a recovery for gold stocks with an opportunity in NST. The price has pulled back to a long-term up trendline and found support for 3 consecutive weeks. More strength is provided by a Ichiminko cloud bounce which has occurred multiple times through NST's history.
Gold price is likely to increase with US - China negotiations driving negative sentiment around economic growth.
Northern Star oversold #ASXGold Stock Northern Star has had a great run to $14.06, since than it has pulled back to where it is today $9.00
Weekly This is oversold and could be a great time to buy re-buy. The price is below the BBand and RegLin plus the oversold indicator is flashing above 30 making this a great buy IMO.
What to watch out for: A dead cat bounce which is around $10.00 if we can get past that its back to normal and will hit past $14 in the near future.
NST Potential 10 % move (Good Risk Reward)Looking to take longs from 11.4 all the way down to 10.83.
Target's 12.8
