NST 0.70% $12.86 northern star resources ltd

It does have a long upper shadow so it is bearish. Lets face it...

  1. 989 Posts.
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    It does have a long upper shadow so it is bearish.

    Lets face it 30% + gain in 4 days is nothing to be sneezed at, a breather would be good for NST.
    One should take some off the table, its a tried and tested way of staying in the game long term

    Not sure where it will pull back too. We have a few options including:
    161% fib projection, should act as support after breaking to the upside
    The middle tine of the PF and
    the 100% fib- I dont think it will get there though unless POG tanks harder

    The last few tests of the mid tine had pull backs which fell short of the lower one. I am assuming this may again occur as it has been a good performer of late.
    POG dropping late in the day which will add to the bearish tones

    If it gets to the 150 area I may top up.
    With NST paying a Div, increased resource and better than expected performance from bedding in acquisitions whats not to like LT
 
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