Blue Sky For Northern Star

This story features NORTHERN STAR RESOURCES LIMITED. For more info SHARE ANALYSIS: NST

By Michael Gable 

We have made a few changes starting with this week's report. For the charting commentary, we have pulled out the nearest support and resistance levels and added that to a separate table under the chart to make it clearer for readers. The other, more major change, is the addition of some US stocks to our charting section. Fairmont Equities now offers trading and charting advice in US shares. We haven't revealed that on the website yet, so please call us if you are interested in trading US stocks. Gold stocks are also firming up as we flagged a few weeks ago, and we include a chart for Northern Star Resources ((NST)).

Nearest resistance: n/a
Nearest support: $6.20

The trend for NST has been positive for over a year now, but with some decent pullbacks along the way. The share price underwent another consolidation at the beginning of this year, but we have now seen it break free of that. NST is in blue sky territory so it is unknown how high it can go for the moment. However, there is plenty of positive momentum for the time being.

Content included in this article is not by association the view of FNArena (see our disclaimer).
 
Michael Gable is managing Director of  Fairmont Equities (www.fairmontequities.com)

Fairmont Equities is a share advisory firm assisting Private Clients with the professional management of their share portfolio. We are based in the Sydney CBD but provide services to private clients across Australia. We believe that the concepts of fundamental analysis and technical analysis of stocks are not mutually exclusive. Regardless of whether you are a trader or long term investor, combining both methods is crucial to success. As a result, the unique analysis of Fairmont Equities is featured regularly in the media such as Sky News Business, CNBC, The Australian Financial Review, and the ASX newsletter. Contact us for a free trial of our research and information on our portfolio management services. 

Michael is RG146 Accredited and holds the following formal qualifications:

• Bachelor of Engineering, Hons. (University of Sydney) 
• Bachelor of Commerce (University of Sydney) 
• Diploma of Mortgage Lending (Finsia) 
• Diploma of Financial Services [Financial Planning] (Finsia) 
• Completion of ASX Accredited Derivatives Adviser Levels 1 & 2

Disclaimer

Fairmont Equities Australia (ACN 615 592 802) is a holder of an Australian Financial Services License (No. 494022). 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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