It is not a long term short, but it is very volatile, which means that if you are a good trader (I am not), and can read the short and long opportunities, the swings make it an attractive stock to move in and out of.
The technicals for NST are quite readable and those with conviction and patience, do pretty well at reading them. (not yours truly, fair reader poor trader)
The current technicals tell us at the moment there is both a gap to fill around the 2.20 and support lines there. Whether justified or not, if enough people believe it is going there, it is going there and that is how technical analysis works.
The only thing likely to stop it is a catastrophic jobs ADP report on Friday in the US which stays the fed until next year which will spike gold short term.
Could happen, but you could also pick the Melbourne Cup trifecta. That's not an investment.
Ouch, what was that for, page-48
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Last
$15.90 |
Change
0.060(0.38%) |
Mkt cap ! $18.27B | |||
| Open | High | Low | Value | Volume |
| $15.79 | $15.98 | $15.62 | $41.11M | 2.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14299 | $15.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.92 | 628 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |