ASX NST Breakout retestASX NST Breakout retest. This also coincides with Wave E low and formation of a new impulse wave 1
NST
Simple technicals, Northern Star Resources - NST (ASX)Northern Star Resources - NST (ASX)
In a long term bullish move, and medium term pullback with a recovery bounce off the 200-day moving average.
We are starting to see a possible convergence on the medium-term MACD, which could lead to a recovery in the medium term, if buying continues.
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SAND is bullish$SAND broke through the descending trendline and now is testing it. After the bounce off the trendline, bullish movement to the resistance area at 5,3 $ is possible.
Long NST (Ngân Sơn JSC). Wyckoff accumulation phases have finishLong NST
- Entry 1: 10.1; Entry 2: 9.5
- Exit: 8.5
- Target 1: 13.2; Target 2: 19.2; Target 3: 23.5
Signal:
- Stock have finished Wyckoff accumulation phases from Dec 20 to Nov 21 in zone 6.4 - 9.9. And stock start upward trending and more volatility.
NST - bullish case (buy on a retest)?Broke a short term H & S formation
Broke downtrend.
Created higher low and higher high
NST Go Up or Down to $6.25 range!I am not confident that ASX:NST would continue or form a up trend from here.
considering development in gold, I think NST can potentially go further down if it does't go up from here down to $6.25 range.
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Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$NST $GOLD about to let go!!It's trying to hold on... tryinhg!!!
I $gold doesn't bang back, she'll let go.
Bearflag being backtested, siting on strong support but........ tap tap tap smash!
NST - Trade PlanNST has pulled back to it's Fibonacci 61.8% zone and is showing signs of support and bullish price action. I am bullish NST targeting the previous highs of $11.80.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Bullish Trade PlanNST has broken out of the bearish trendline with high volume. The breakout to the upside has worked worked well and this could be a confirmation of a new swing to the upside. NST has moved up since and has been consolidating within a flag pattern which is a bullish pattern and a follow through to the upside is expected, therefore I am long NST.
My trade plan is given below:
TP: $12.50 (potential gain - 12%)
Stoploss - $10.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Could give another buying opportunityNST seems that it has found some resistance and is retracing lower. The breakout to the upside worked well and looks like the next pullback could be around the corner for another buying opportunity. I have marked a buy zone ranging between $9.70 - $10.40. If price retraces lower within that range, I would take a long position after bullish price action.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Trade with Caution Rising Wedge Pattern Northern Star $NST$NST retested the weekly trendline and 20 moving average,
however, I would trade with caution because a rising wedge pattern is forming on the weekly chart.
Because of the recent run and bearish divergence with DMI and RSI,
I think it is more likely we go down from here due to profit-taking.
Here is a buy setup in Northern Star $NSTNorthern Star, one of my favorite Gold stocks to invest in.
I'll be looking to add more on the dip because we can see an ascending triangle forming on the weekly chart.
Due to the current economic situations (COVID 19 and Gold prices going up),
another breakout could be on its way and $NST could set a new all-time high in July or August.
Northern Star Exit pointIt has been a tremendous run for NST 11 years or so but now could be a turning point even if thats short lived.
Points in case:
Double Top
priced closed below 20 Moving average
10 EMA BELOW 20 EMA
2-3day Stochastic RSI in a downward direction
See how this goes. This is based on how I read the charts
Go Long Northern Star Resources $NSTNorthern Star Resources broke out the triangle this week just like Gold. $GOLD
This increases the chances of $NST heading higher and maybe make a new all-time high in the next week or month.
NST Northern Star Resources Short (ASX)Nice opportunity to buy this one at lower prices if we get the reversal pattern at this double top. MACD and RSI are divergent on this second test of the top. Looking for a deep pullback. Targets for buy as shown
Here is a setup in Northern Star $NST - TD sequential has a green 2 over green 1.
- Inverse head and shoulders.
- Above all moving averages, acting as support
Worth watching closely tomorrow.
Northern Star oversold #ASXGold Stock Northern Star has had a great run to $14.06, since than it has pulled back to where it is today $9.00
Weekly This is oversold and could be a great time to buy re-buy. The price is below the BBand and RegLin plus the oversold indicator is flashing above 30 making this a great buy IMO.
What to watch out for: A dead cat bounce which is around $10.00 if we can get past that its back to normal and will hit past $14 in the near future.
