Everything seems to be on a bearish bent for NST now. Gold price seems to be under control.
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 4.12
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 4.04
Last Trade is below the 50 day moving average at 4.11
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 4.23
Kina - not sure what you mean by "everything" seems is bearish and gold seems "under control" - care to elaborate with some evidence? Maybe it depends on your view point and position?
Everything seems quite positive from my analysis:
1. Fundamentals improving with A$ POG margin still high and production set to increase
2. Shorts peaked are reversed on 27/2 with almost 5m shares covered
3. HUI on an up trend
4. GDX added 15% stock through Feb/Mar
5. GLD held 825 tonnes on 10/3
6. COT positions historically low and bounced up on 21/3
7. S&P500 up 15% and topping
In regard to trends - long and medium term trend LINES were up on 30/3. Trends by moving averages not good as stocks frequently cross moving average lines while holding straight trend lines.
TA - NST, page-43
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Last
$16.45 |
Change
-1.065(6.08%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.00 | $16.11 | $91.62M | 5.560M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 3657 | $16.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.45 | 2844 | 20 |
View Market Depth
| Last trade - 15.40pm 02/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
