In a hypothetical world where NST would rise in a trend over a period of time from $1 to become a $9 gold mining juggernaut on the ASX, all things equal, the move from $3 to $9, a 300% move, will take around as long as the move from $1 to $3, also a 300% move.
Today NST went up by 13 cents, which is reasonable compared to its historical volatility and stock price of close to $3. I remember when I was holding NST when it was down to 90's in late 2014, it was much rarer to see a 13 cent move. The gains in a trend come faster and faster because stock prices move exponentially.
And that's why in a trend it's a good idea to hold.
I doubt NST will get to $9 unless POG goes to $2k, I used the number because it was more convenient to mirror the 300% move we already had. Let's see if NST can hold a $3 level first.
Held sentiment - it's hard for me to justify buying at triple the prices I did previously....................
NST hit $3
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Last
$16.05 |
Change
0.155(0.98%) |
Mkt cap ! $18.37B |
Open | High | Low | Value | Volume |
$16.00 | $16.09 | $15.94 | $10.69M | 667.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 3321 | $16.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.05 | 14168 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 4860 | 16.040 |
19 | 5301 | 16.030 |
12 | 4649 | 16.020 |
9 | 7189 | 16.010 |
10 | 5944 | 16.000 |
Price($) | Vol. | No. |
---|---|---|
16.050 | 1037 | 12 |
16.060 | 6366 | 13 |
16.070 | 5789 | 12 |
16.080 | 13906 | 12 |
16.090 | 55937 | 12 |
Last trade - 11.44am 02/10/2024 (20 minute delay) ? |
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