NST - bullish case (buy on a retest)?Broke a short term H & S formation
Broke downtrend.
Created higher low and higher high
Northernstar
WOW NLST!! +360% since June 25th buuuut . . Look at THAT TOP!! The long legged Doji may as well be a Gravestone / Orphaned Baby. There's a gap just under the daily low and after a 360%+ run from the 25th of June, it's gotta pull back from a $9.98 resistance. I left the Fib overlay intact from yesterday as it snap fits like a glove. Also, just look at the ski tips on those MA's (50/200). I've been watching this since last Fall and got it at $0.65. Super salty now cuz I sold at just under $3 to pile into something else. Looks like the lawsuit with Google will print some new highs in time but for now, the last valuation I saw was $4 by the analysts. We do have a gap still, down around $2.50 so we'll see what comes of that. Not investment advice, DYOR and Good luck!
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.
