TRADESETUP

April 2, 2019

Price falls as sellers clear out the buyers so the entry alert is cancelled

Closed Alerts

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NST Buy Entry Alert is cancelled as price falls down through 8.62 Stop Loss level before tagging the entry price. Price looking a little heavy now so we will sit on the sidelines and watch for now.

Alert History

Original Entry Alert 28/03/19

New Buy Entry Alert NST

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $5.72 Billion Market Cap, VWAP 8.912, ASX Ranking 77, 4 Week Av Turnover $30,484,713, Current Turnover (Intraday as at time of alert) $3,035,776, PE 28.0, Div Yield 1.23%.

Company Overview : Northern Star Resources Ltd (NST) is a gold production and exploration company with a resource base located in the gold regions of Western Australia. NST is currently involved in exploration, development, mining and processing of gold deposits and sale of refined gold derived from the Jundee, Kundana (100% owned and 51% owned operations), Kanowna Belle, Paulsens, and South Kalgoorlie operations, and exploration in relation to gold deposits in Western Australia and in the Northern Territory.

Broker Consensus : HOLD

NST – Northern Star Resources Limited

NST buyers are holding a higher level and look set to push price up into new highs. We are happy to buy on a push up through 9.125 and will hold a stop loss at 8.62. If price pushes down through 8.62 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : NST – Norther Star Resources Limited

Company Website : www.nsrltd.com

Current Price : 9.08

New Potential Buy Entry (Trigger Level) : 9.125

Potential Sell Exit Zone (Stop Loss) : 8.62

Status : On watch for buy entry trigger

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