To start with, I'm a long time fan of NST and made some nice $$$ out of them in the early days and will be a holder again at some stage.
but, while NST is well managed and now a major player on the world stage, sentiment is not on its side. Looking at a long term chart (5yr, weekly) I see base support around the $9.50 mark using a 3 point trend line off the long term lows. Below that, there's nothing.
I feel that a daily or weekly close below this point could lead to more significant falls. Do I think it's undervalued in that price range? Yes, but one needs to remember "the market can remain irrational longer than you can remain solvent".
I'll be a buyer once we seem to have established a base and I don't think we're there yet. RSI is about 35 on the weekly charts. Feel like it needs to drop below 30 and bounce in addition to testing and rejecting that $9.50ish price a few times to establish a base in this range. If a break below $9.50 is confirmed, who knows WTF could happen.
If I was a holder and a believer in the LT prospects of the company I wouldn't be selling. But I'm not about to try to catch a falling knife.
GLTAH
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To start with, I'm a long time fan of NST and made some nice $$$...
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Last
$14.89 |
Change
-0.210(1.39%) |
Mkt cap ! $17.11B |
Open | High | Low | Value | Volume |
$14.92 | $14.98 | $14.83 | $13.14M | 893.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 2433 | $14.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.90 | 7595 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 2285 | 14.890 |
12 | 4164 | 14.880 |
12 | 6888 | 14.870 |
6 | 5417 | 14.860 |
11 | 15506 | 14.850 |
Price($) | Vol. | No. |
---|---|---|
14.900 | 7595 | 31 |
14.910 | 11138 | 36 |
14.920 | 7439 | 17 |
14.930 | 6079 | 18 |
14.940 | 6361 | 8 |
Last trade - 14.46pm 03/09/2024 (20 minute delay) ? |
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