A little notice/reminder that in 2017, I may run monthly webinars covering broader market conditions as well as ASX listed stocks, ETFs and so on. It will be by invitation only, if it is to go ahead. Anyone interested, please drop me a line if you already haven’t.
One of few ASX listed Gold Stocks which I follow is NST. @ $3.00 it reminded me those specials at Wollies and Coles which we see often. 50% off from its most recent highest high (almost).Position of where it was on sale was important. Screaming oversold at the oversold line of it’s weekly.
On the short term hourly chart (not shown), there was a solid long entry signal with selling exhaustion/climax being loud and clear last week.
Close at or above $2.99 today, which is kind of in the bag already, but yet to be confirmed (30/12) would also confirm a BULLISH WEEKLY PIVOT. What does a BULLISH WEEKLY PIVOT may mean ? It may suggest a potential halt to it’s late down trend with potentially higher prices over the next 5-10 weeks.
Wishing all a happy new year.
Disclosure : NST held.
Weekly NST chart below.
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