The dream may be over for Northern Star Resources

by Michael Gable

A classic head and shoulders pattern has formed on NST and the neckline was broken today. This suggests to me a move back under 50c! We've seen this pattern many times before, LYC being a classic example when the stock broke it's $1.70 neckline. We predicted a move last year back to $1 and that is exactly what happened with LYC.

We need NST to trade back above 85c in the next few days for it to be out of danger. Watch this space.

Disclaimer

Disclaimer: Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.
 

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