Jump to content

Unlocking ASX Trading Success: NORTHERN STAR RESOURCES LTD – NST Stock Analysis & Elliott Wave Technical Forecast


Recommended Posts

ASX: NORTHERN STAR RESOURCES LTD – NST Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)
 
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NORTHERN STAR RESOURCES LTD – NST. Our recently updated forecast for NST in the Top 50 ASX Stocks service is still active. We have identified a bullish opportunity with NST, setting up wave (iii)-purple of wave ((iii))-blue that could push much higher.
 
 
ASX: NORTHERN STAR RESOURCES LTD – NST Elliott Wave Technical Analysis  
ASX: NORTHERN STAR RESOURCES LTD – NST 1D Chart (Semilog Scale) Analysis
Function: Major trend (Intermediate degree, blue)
Mode: Motive
Structure: Impulse
Position: Wave (iii)-purple of Wave ((iii))-green of Wave 3-red of Wave (3)-blue
Recent analysis: Accurate forecast
Details: The detailed short-term outlook shows that wave (3)-blue is unfolding, subdividing into waves 1 and 2-red, which have completed, and wave 3-red is currently unfolding to push higher. At a smaller degree, wave (iii)-purple is opening to push even higher, targeting an immediate objective around 16.30, while maintaining a price above 14.19 is an advantage and strong support for this bullish outlook.
Invalidation point: 13.40 
 
Asx24(2).thumb.png.5cdf57ff8a142f024aef7ae068c8ece7.png
 
 
ASX: NORTHERN STAR RESOURCES LTD – NST Elliott Wave Technical
Analysis TradingLounge (4-Hour Chart)
 
ASX: NORTHERN STAR RESOURCES LTD – NST Elliott Wave Technical Analysis
ASX: NORTHERN STAR RESOURCES LTD – NST 4-Hour Chart Analysis
 
Function: Major trend (Minute degree, green)
Mode: Motive
Structure: Impulse
Position: Wave (iii)-purple of Wave ((iii))-green  
Details: The shorter-term outlook indicates that the (iii)-purple wave seems to be unfolding to push higher. It is subdividing into the i-blue and ii-blue waves, with the ii-blue wave potentially just completed. The iii-blue wave might be ready to push higher as long as the price remains above the support level at 14.19, which would be advantageous for this perspective.
Invalidation point: 13.40
 
Asx24(1).thumb.png.8cba6151a32d0a4c5702621a8e45d5c9.png
 
 
 
Conclusion:  
Our analysis, forecast of contextual trends, and short-term outlook for ASX: NORTHERN STAR RESOURCES LTD – NST aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.
 
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, Ethereum/ U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis  Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave 5 of Wave (3) Wave Cancel invalid level:  Details: Wave (5) trend move to Test 4692.28 Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: It looks like the wave 4 correction has ended. And the treasury price rose in Wave 5, so we will focus on a five-wave increase in the Impulse pattern, which is likely to test the 4692 to 5120 levels. Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.   Elliott Wave Analysis TradingLounge H4 Chart, Ethereum/ U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis   Function: Follow Trend Mode: Motive Structure: Impulse position: Wave (3) Direction Next higher Degrees: wave (3) of ((3)) Wave Cancel invalid level:  Details: Wave (3) is Equal to 261.8% of Wave (1) at 4227.76   Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: It looks like the wave 4 correction has ended. And the treasury price rose in Wave 5, so we will focus on a five-wave increase in the Impulse pattern, which is likely to test the 4692 to 5120 levels. Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.   Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
    • A friend talked about this project to me sometime past, just checked it out again .. nice features especially for game developers to be able to organize in-game objects
    • Elliott Wave Analysis Indices: Elliott Wave Analysis Indices: SP 500 & NASDAQ v of (v) of iii) of 1 of (5) of 3) of I.  NVDA Earnings has been the center of attention late in the last session and has created volatile intraday price action, however we are still on track for all Elliott wave counts, that is looking for the top of Wave iii).  The European and Asia indices will track the US indices on an intraday basis, so they too are in much the same Elliott wave patterns. Video Chapters  00:00 SP 500 (SPX), SPY ETF 08:45 NASDAQ (NDX), QQQ ETF 12:04 Russell 2000 (RUT) IWM 13:18 DAX 40 (DAX) 16:57 FTSE 100 UKX (UK100) 18:11 S&P/ASX 200 (XJO) 24:06 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge      
×
×
  • Create New...
us