NST - break - short term tradeNST has moved to all time new highs
strong green candle has formed for the week ending. take a short term trade on this big cap gold miner up to $23. you can make about 36%
every asset class is already hit saturation point except precious metals and their miners. We dont have free markets but we can still make money.
NS7 trade ideas
AUS STOCK: NST ELLIOTT WAVE ANALYSIS - 7 OCT, 2024 - BULLISHAUSTRALIAN STOCK: NST - 7 OCT, 2024
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave (ii)-orange is unfolding to push lower a bit, then wave (iii)-orange will return to push higher, targeting the nearest target at $20.00. While price must remain above 14.43 to maintain this bullish view
Simple technicals, Northern Star Resources - NST (ASX)Northern Star Resources - NST (ASX)
In a long term bullish move, and medium term pullback with a recovery bounce off the 200-day moving average.
We are starting to see a possible convergence on the medium-term MACD, which could lead to a recovery in the medium term, if buying continues.
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NST.ASX: 17 JUL, 2024 © Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Wave (2)-orange has completed at the low of 12.65, wave (3)-orange is unfolding to push higher; aiming for minimum targets of 20.00 - 25.00 or higher; while price should always remain above the 12.65 low to sustain this view.
Invalidation point: 12.65
Simple Technical Stock Analysis for ASX Blue Chip Stock - NSTSimple Technical Stock Analysis for ASX Blue Chip Stock NST (Northern Star Resources).
Market Monkey ASX Top 50 #30 for June 2024.
This week, the Team unpacks some simple technical and trend indicators for ASX Blue Chip Stock NST (Northern Star Resources).
Indicators include:
- Trend Momentum
- Price Direction
- Market Pressure (Buy / Sell demand)
- Volume (Market Strength)
- Simple Moving Averages
- Support and Resistance
Extract indicators taken from the Blue Report for June, 2024.
www.marketmonkey.com.au
NSTIMO(and not trading advice).
NST has already accumulated a considerable volume at of price 9.10~9.40 range for about 120 trading days. If the price action sustains above the current 100d moving average in succeeding trading days would likely indicate a turnaround for the bulls.
Additionally, NST as a gold mining company would likely also tell a good entry for a safe haven for US dollar 2022 inflation.
NST Go Up or Down to $6.25 range!I am not confident that ASX:NST would continue or form a up trend from here.
considering development in gold, I think NST can potentially go further down if it does't go up from here down to $6.25 range.
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Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Trade PlanNST has pulled back to it's Fibonacci 61.8% zone and is showing signs of support and bullish price action. I am bullish NST targeting the previous highs of $11.80.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Gold stocks took a beating on Friday. NST has bounce potential Added onto NST holdings on fridays open. Golds price action was seen and taken account of, so had no reason not to load up on friday. Any entry in NST with a stop at $10.40 is good over this coming week. Gold will be consolidating at these levels before breaking and pushing to $2000.
NST on watch list here for when gold breaks 1900Gold is in a resistance zone, so im looking to enter NST once all the quick buy/sell traders have finished selling. Gold will likely stay in this current range for this week and next, so ill slowly enter into NST.
I choose NST as my gold stock for the simple reason of price growth. I see the best risk reward at these levels. With first target being $12.50. Entry here at 10.30 is a good risk reward play for the next 3 months and the cycle gold is going through.
NST - Bullish Trade PlanNST has broken out of the bearish trendline with high volume. The breakout to the upside has worked worked well and this could be a confirmation of a new swing to the upside. NST has moved up since and has been consolidating within a flag pattern which is a bullish pattern and a follow through to the upside is expected, therefore I am long NST.
My trade plan is given below:
TP: $12.50 (potential gain - 12%)
Stoploss - $10.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.