NST 0.29% $17.08 northern star resources ltd

share price., page-13

  1. 411 Posts.
    lightbulb Created with Sketch. 5
    This is why I do not dare to sell my long term holdings in this stock. You end up getting caught short. My short term holdings about 15% of my total holdings I never got back in as I hoped to pick these up in the sub 90's. At least my remaining 85% holdings are in for the long haul. I think we quite clearly have a breakout here.
    I first got into this stock at 26.5 cents which then had a relatively quick run up to 40 cents. A pull back followed by around 20% back to low 30's. Similar runs and pull backs occurred as follows
    40c --> 60c PB to around 47 cents.
    60c --> $1.00 PB to around 77 cents

    So if we are experiencing a true breakout here in which I expect the company could be making some announcement soon as well I can see this run from
    $1.00 ---> $1.50 with a PB to around $1.15 (20%PB)

    The point is the last 3 or 4 rallys there seems to be an increase of around 50% from the old support/resistence level.

    Also I notice each ralley has been occuring in around 4 month intervals with the last breakout from 60c to $1.00 occurring in early November around Melb cup day.

    As we are getting to the end of Feb and into March where the expected resource upgrade is due the ralley from $1.00 to $1.50 could be well upderway now. Lets hope that is the case !!!!! Go NST !!! $1.08 as I sign off here

    Pleas DYOR



 
watchlist Created with Sketch. Add NST (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.