Expecting a recovery for gold stocks with an opportunity in NST. The price has pulled back to a long-term up trendline and found support for 3 consecutive weeks. More strength is provided by a Ichiminko cloud bounce which has occurred multiple times through NST's history.
Gold price is likely to increase with US - China negotiations driving negative sentiment...
Gold 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...
Northern Star has been having a great run and has recovered from its recent dip. Its broken through one resistance point and looks to be setting up to break its next high. Needs a bit more volume to support a new run but worth watching for now. Will keep an eye on the OBV to start to break away from the MA to confirm the setup. Big profitable company with good...
