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NST $6.79

nst cup and handle

  1. goodoh

    175 Posts.

    Attached is a chat of nst showing the completion of the handle for the cup and handle pattern. The only problem is the gold chart in $usd doees not seem to be confirming an uptrend. If gold in $usd do go down I doubt this cup and handle pattern will reach her target. However cup and handle pattern are usually very reliable, we will see soon enough if it will play out in this case.
    By the way even if gold were to go down in $usd I doubt it will go down much in $Aus. If gold price stays at $1500 in $Aus then I would assume value investors would take notice of this company considering that it would bring in a cash flow over $200 million compare to a market cap of $800 million.
    cheers nst cup and handle.gif

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