NST 1.86% $13.71 northern star resources ltd

Ann: FY16 Unaudited Financial Results-NST.AX, page-15

  1. 1,528 Posts.
    lightbulb Created with Sketch. 93
    Good luck to you - however you can't ignore the change in momentum that has already occurred. In the last three times when NST has had a significant momentum change the trend has not quickly reversed from it to go lower. The momentum change which has already occurred is accompanied by the 'relative price index' which is indicating that NST is bordering on oversold. (This will not last long).

    Combine that with the fact that over the last two days the SP has bottomed out in price and closed even each time this is showing that a positive momentum change has occurred.

    If you wait until $4.50 you may miss out as it does not appear that it will get to your $4.50 goal. Ask yourself; "why do I believe it will get to $4.50 and what evidence is available to support this belief?"

    Specifically, if you look at the last three times the SP has achieved higher lows during the dip phase they were at: $4.20, $4.46 and $4.63 about a 6% difference each time. That means circa $4.73 is the next reasonable higher low (and we already just passed it on 26/7/16.)

    As such, If you wait in attempt to achieve your $4.50 entry point goal you may miss out on the next uptrend. Accordingly you will be sitting there with your dingdong in your hand and wishing that you had of alternatively entered at $4.73 so you could have caught the next uptrend and profited 20 percent.
 
watchlist Created with Sketch. Add NST (ASX) to my watchlist
(20min delay)
Last
$13.71
Change
0.250(1.86%)
Mkt cap ! $15.75B
Open High Low Value Volume
$13.76 $13.82 $13.57 $108.5M 7.907M

Buyers (Bids)

No. Vol. Price($)
4 110631 $13.70
 

Sellers (Offers)

Price($) Vol. No.
$13.71 48528 3
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
NST (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.