10Feb

ASX:NST Elliott Wave Analysis – Northern Star Resources Stock Forecast, Key Price Levels and Trading Strategies for Smart Investors

ASX: Northern Star Resources LTD. (NST) Elliott Wave Technical Analysis

Greetings,

This Elliott Wave analysis provides an updated outlook on Northern Star Resources Ltd (ASX:NST) and its market movement on the Australian Stock Exchange (ASX).

We observe potential upside movement for ASX:NST, but a pullback with Wave ((ii)) - navy is expected before Wave ((iii)) - navy advances. A shift in trend requires additional time, and this report outlines key price levels to help traders identify trend reversals and invalidation points.


Northern Star Resources Ltd (NST) Elliott Wave Analysis (1D Chart - Semilog Scale)

ASX: Northern Star Resources Ltd 1D Chart Analysis - Semilog Scale

NST Stock Analysis Overview

Function: Major trend (Intermediate degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave (v) - orange of Wave ((I)) - navy

NST Stock Technical Details

  • The Wave 2 - grey has likely completed as a Double Zigzag, and since hitting 15.06, Wave 3 - grey is moving upward.
  • Wave ((ii)) - navy appears close to completion, potentially leading to a rally with Wave ((iii)) - navy.
  • Wave ((i)) - navy is concluding its five-wave formation, setting up for a pullback with Wave ((ii)) - navy.
  • Traders may look for long entry positions after Wave ((ii)) - navy completes, confirming an uptrend when Wave B surges past a key resistance level.

NST Stock Key Technical Levels

  • Invalidation Point: 15.06

NORTHERN-STAR-RESOUR...


Northern Star Resources Ltd (NST) Elliott Wave Analysis (4h Chart - Semilog Scale)

ASX: Northern Star Resources Ltd 4h Chart Analysis Overview

  • Function: Major trend (Minute degree, navy)
  • Mode: Motive
  • Structure: Impulse
  • Position: Wave (v) - orange of Wave ((v)) - navy

Northern Star Resources Ltd Technical Details

  • Wave (v) - orange of Wave ((i)) - navy is approaching completion.

  • A pullback with Wave ((ii)) - navy is expected before resuming the uptrend with Wave ((iii)) - navy.
  • If the price drops below 17.39, it strongly suggests Wave ((ii)) - navy is still unfolding.

Northern Star Resources Ltd Key Technical Levels

  • Invalidation Point: 15.06

  • Key Support Level: 17.39

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: SANTOS LIMITED - STO Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

NORTHERN-STAR-RESOUR...


Conclusion

This Elliott Wave analysis provides a structured market outlook and short-term forecast for ASX: Northern Star Resources Ltd (NST). We emphasize critical validation and invalidation price points, helping traders refine market confidence and decision-making.

By incorporating these technical insights, we aim to deliver an objective and professional perspective, empowering traders to strategically capitalize on market trends.

Related

Navigating Corrections for Trading Success Alphabet Inc.,(GOOGL) Elliott Wave Technical Analysis

Navigating Corrections for Trading Success Alphabet Inc.,(GOOGL) Elliott Wave Technical Analysis

As of February 27, 2024, Alphabet Inc. (GOOGL) presents intriguing opportunities for traders amidst ...

Read More >
Unlocking ASX Trading Success: RAMSAY HEALTH CARE LIMITED - RHC Stock Analysis & Elliott Wave Technical Analysis

Unlocking ASX Trading Success: RAMSAY HEALTH CARE LIMITED - RHC Stock Analysis & Elliott Wave Technical Analysis

Our detailed Elliott Wave analysis of ASX RAMSAY HEALTH CARE LIMITED (RHC) highlights key stock tren...

Read More >
Unleash Profits: Elliott Wave Analysis & Strategies for SP500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200

Unleash Profits: Elliott Wave Analysis & Strategies for SP500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200

Stock Market Indices Overview: S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 20...

Read More >
Wheat Commodity Elliott Wave Technical Analysis: Key Market Movements and Predictions for Wheat Prices

Wheat Commodity Elliott Wave Technical Analysis: Key Market Movements and Predictions for Wheat Prices

This article delves into the Wheat Elliott Wave Analysis, providing insights into price forecasts an...

Read More >
GBPJPY Elliott Wave Analysis Focusing on Both Daily and 4-Hour Charts | Trading Strategies for the Currency Pair

GBPJPY Elliott Wave Analysis Focusing on Both Daily and 4-Hour Charts | Trading Strategies for the Currency Pair

Discover an in-depth GBPJPY Elliott Wave analysis focusing on both daily and 4-hour charts. Understa...

Read More >
Today NEO cryptocurrency market Price News - NEO/ U.S. Dollar NEOUSD Elliott Wave Technical Analysis

Today NEO cryptocurrency market Price News - NEO/ U.S. Dollar NEOUSD Elliott Wave Technical Analysis

This article provides an in-depth NEOUSD Elliott Wave analysis, including detailed NEO/USD technical...

Read More >
Navigating Corrections for Trading Success Alphabet Inc.,(GOOGL) Elliott Wave Technical Analysis

Navigating Corrections for Trading Success Alphabet Inc.,(GOOGL) Elliott Wave Technical Analysis

As of February 27, 2024, Alphabet Inc. (GOOGL) presents intriguing opportunities for traders amidst ...

Read More >
Unlocking ASX Trading Success: RAMSAY HEALTH CARE LIMITED - RHC Stock Analysis & Elliott Wave Technical Analysis

Unlocking ASX Trading Success: RAMSAY HEALTH CARE LIMITED - RHC Stock Analysis & Elliott Wave Technical Analysis

Our detailed Elliott Wave analysis of ASX RAMSAY HEALTH CARE LIMITED (RHC) highlights key stock tren...

Read More >
Unleash Profits: Elliott Wave Analysis & Strategies for SP500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200

Unleash Profits: Elliott Wave Analysis & Strategies for SP500, NASDAQ 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200

Stock Market Indices Overview: S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 20...

Read More >
Wheat Commodity Elliott Wave Technical Analysis: Key Market Movements and Predictions for Wheat Prices

Wheat Commodity Elliott Wave Technical Analysis: Key Market Movements and Predictions for Wheat Prices

This article delves into the Wheat Elliott Wave Analysis, providing insights into price forecasts an...

Read More >
GBPJPY Elliott Wave Analysis Focusing on Both Daily and 4-Hour Charts | Trading Strategies for the Currency Pair

GBPJPY Elliott Wave Analysis Focusing on Both Daily and 4-Hour Charts | Trading Strategies for the Currency Pair

Discover an in-depth GBPJPY Elliott Wave analysis focusing on both daily and 4-hour charts. Understa...

Read More >
Today NEO cryptocurrency market Price News - NEO/ U.S. Dollar NEOUSD Elliott Wave Technical Analysis

Today NEO cryptocurrency market Price News - NEO/ U.S. Dollar NEOUSD Elliott Wave Technical Analysis

This article provides an in-depth NEOUSD Elliott Wave analysis, including detailed NEO/USD technical...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on