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
$14.28 |
Change
-0.020(0.14%) |
Mkt cap ! $16.49B |
Open | High | Low | Value | Volume |
$14.05 | $14.37 | $14.02 | $16.50M | 1.158M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3061 | $14.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.27 | 5404 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1755 | 14.280 |
8 | 4445 | 14.270 |
9 | 5217 | 14.260 |
9 | 12474 | 14.250 |
8 | 8750 | 14.240 |
Price($) | Vol. | No. |
---|---|---|
14.290 | 4523 | 20 |
14.300 | 7925 | 10 |
14.310 | 8772 | 19 |
14.320 | 8731 | 19 |
14.330 | 11337 | 13 |
Last trade - 14.33pm 22/07/2024 (20 minute delay) ? |
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NST (ASX) Chart |