Northern Star ResourcesAlternative scenario: the downside...

Northern Star ResourcesAlternative scenario: the downside breakout of 4.03 would call for 3.53 and 3.24.
Our pivot point stands at 4.03.

Our preference:as long as 4.03 is support look for 5.88.

Alternative scenario: below 4.03, expect 3.53 and 3.24.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 4.49 and 4.01). Northern Star Resources is currently trading near its 52 week high reached at 4.9 on 06/06/16.

Supports and resistances:
6.54 **
6.21 *
5.88 **
5.56
4.85 last
4.23
4.03 **
3.53 *
3.24 **

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• - a chartist approach to assess directional moves and price targets
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Trading Central methodology uses technical analysis to provide a short term (up to three weeks) view and a medium term (up to three months) view on a company.

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Short term view (up to three weeks)

• - Rise: (Strong Bull) A strong increase in price
• - Limited Rise: (Limited Upside) A limited increase in price
• - Consolidation: Movement of an asset's price within a well-defined pattern or barrier of trading levels. Consolidation ends when the price of the asset breaks beyond the restrictive barriers, which triggers a quick increase of volatility (and an opportunity for short-term traders to generate profit)
• - Limited Decline: (Limited Downside) A limited drop in price
• - Decline: (Strong Bear) A strong drop in price

Medium term view (up to three months)

• - Bullish: Asset heading for a period of generally rising prices. Refers to an optimistic outlook
• - Range: (Consolidation) Movement of an asset's price within a well-defined pattern or barrier of trading levels. Consolidation ends when the price of the asset breaks beyond the restrictive barriers; it is seen as a bullish (on an upward breakout) or bearish signal (on a downward breakout)
• - Bearish: Asset heading for a period of generally falling prices. Refers to an pessimistic outlook

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