Ambivalent about the short term daily chart. Early in the trading day (10.41 a.m) but 'shooting star' could be a pessimistic description of current situation if it persists till end of day. Northern Star (NST) moving too fast to sustain the pace? Either that or being rerated as a couple here suggest. It's very strong trading the way NST has only dropped a small distance from top whilst consolidating
For a positive scenario You could look at it as a breakout from a rather rough edged pennant pattern for which the target would be above $2. Very subjective as to how you would measure to speculate a target. I'd be starting from 1.30 or 1.35 to top of 'pennant' at say 1.85, giving say 0.50 to add to breakout at 1.75, giving target 2.25, lol. Not all that serious about it, just interesting situation to watch. I have perennial problem now of trying to not be 'greedy' and selling half at ~2.00 to eliminate risk in holding.
For a positive scenario You could look at it as a breakout from a rather rough edged pennant pattern for which the target would be above $2. Very subjective as to how you would measure to speculate a target. I'd be starting from 1.30 or 1.35 to top of 'pennant' at say 1.85, giving say 0.50 to add to breakout at 1.75, giving target 2.25, lol. Not all that serious about it, just interesting situation to watch. I have perennial problem now of trying to not be 'greedy' and selling half at ~2.00 to eliminate risk in holding.
