NST 1.86% $13.71 northern star resources ltd

Wondering why NST pulled up where it did?It hit short term...

  1. 1,642 Posts.
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    Wondering why NST pulled up where it did?
    It hit short term resistance. Should be taken seriously because it was confirmed by the failed attempted breakout in January.
    There may be an opportunity to get in at between $10.14 and $10.34 on the pull back which is little more than profit taking, which can be expected if gold fails to move over the next couple of trading days.
    If gold continues up then resistance will be taken out. Until...
    Either way I expect resistance to be taken out within a week or so.
    .
    https://hotcopper.com.au/data/attachments/3079/3079994-a469321f8b2f864c4d76425385717af1.jpg
    .
    A pull back to the prices mentioned above will not make a dent in the chart below.
    Once resistance above goes then $12.64 is where real resistance kicks in.
    I suspect there will be multiple charts in a similar position at the same time and a small but significant pull back will occur.
    Price could pull back to between $10.40 and $10.92 before a real assault at resistance occurs and then - blue sky.
    Have to wait and see how it unfolds.
    .
    https://hotcopper.com.au/data/attachments/3080/3080008-ffe72d32d4109083ddde085634216dee.jpg

 
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$13.71
Change
0.250(1.86%)
Mkt cap ! $15.75B
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$13.76 $13.82 $13.57 $108.5M 7.907M

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4 110631 $13.70
 

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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
NST (ASX) Chart
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