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NORTHERN STAR RESOURCES LTD – NST
Stock Analysis & Elliott Wave Technical Forecast

Greetings! Today’s Elliott Wave update focuses on the Australian Stock Exchange (ASX) ticker NST (Northern Star Resources Ltd). Our analysis suggests that ASX:NST is entering a bearish phase in the short term, with a projected drop toward around 16.86. There is no bullish bias at this time, and our wave count supports that outlook.

Daily (1D) Chart Analysis

• Function: Major trend (Minor degree, grey)
• Mode: Motive
• Structure: Impulse
• Position: Wave C)‑orange of Wave 4))‑navy
• Details:
• • Wave 4))‑navy is unfolding lower as an ABC‑orange zigzag.
  • Waves A)B)‑orange have completed, and Wave C)‑orange is now heading downward toward a target of 16.86.
  • Invalidation point: 23.78
• Conclusion: No signs of bullish reversal—trend remains bearish.

(Click on image to enlarge)

4‑Hour Chart Analysis

• Function: Major trend (Minor degree, grey)
• Mode: Motive
• Structure: Impulse
• Position: Wave C)‑orange of Wave 4))‑navy
• Details:
• • As seen on the 1D chart, Wave C)‑orange is unfolding downward post the high at 22.78.
  • Target remains near 16.86.
  • Invalidation point: 22.78

(Click on image to enlarge)

Conclusion

Our structured forecast, based on Elliott Wave principles, outlines a clear short‑term bearish trajectory for ASX:NST. Key levels—16.86 as the target and 23.78 as the invalidation point—offer precise validation or invalidation markers. This enhances confidence and clarity in our outlook. The goal: providing readers with an objective, professional perspective on current market trends and actionable price signals.

Technical Analyst:
Hua (Shane) Cuong, Certified Elliott Wave Analyst – Master Level (CEWA‑M)

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