Click here to see our chart:
https://private.tradingcentral.com/chart/NSTAUD141224013301.gif
1.21 is our pivot point.
Our preference: the upside prevails as long as 1.21 is support.
Alternative scenario: the downside breakout of 1.21 would call for 0.98 and
0.84.
Comment: the RSI is above 50. The MACD is positive and above its signal line.
The configuration is positive. Moreover, the stock is above its 20 and 50 day
MA (respectively at 1.22 and 1.18).
Supports and resistances:
2.16 **
2.02 *
1.87 **
1.73
1.3975 last
1.3
1.21 **
0.98 *
0.84 **
Coming into the New Year I expect major plays on the gold price as the gold price war heats up,
and with the Fed, LBMA and BIS holding the major paper cards. We might recall the Fed dumping
400 tons of paper gold on the market in a day to crash gold price and other smaller dumps since then.
So with NST I expect some heavy volatility in price as investors remain uncertain about POG. AND
a big gut-check dump of paper gold to flush out holders early in the month, to try and break its back.
But as most physical must be in strong hands by now I think the price will keep on rebounding. HOWEVER
I can see NST going to 0.98 during the war...and am expecting this.
Problem in some respect is that the big holders of gold are also the continuous accumulators who have no
interest in propping up the price. Somehow the physical shortage will bring about a POG reckoning in
22015.....so I also expect NST 1.80 during the year as fear in fiat and economies sends money
looking for places to hide.
Now if there is no action in gold price...it remains stable for some time and NST SP likewise....then
I will buy in at market then because the fundamentals can then work for company ex AUD/POG uncertainty
IMHO only
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Last
$16.54 |
Change
-0.010(0.06%) |
Mkt cap ! $19.01B |
Open | High | Low | Value | Volume |
$16.41 | $16.71 | $16.39 | $62.53M | 3.779M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1004 | $16.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.54 | 11772 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 46057 | 16.520 |
1 | 5684 | 16.510 |
1 | 11049 | 16.500 |
1 | 8572 | 16.490 |
1 | 11049 | 16.480 |
Price($) | Vol. | No. |
---|---|---|
16.540 | 11772 | 1 |
16.550 | 13665 | 2 |
16.560 | 11649 | 2 |
16.570 | 12278 | 1 |
16.580 | 11957 | 1 |
Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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