Possible traps in many stocks, this edition…Northern Star and Santos

I’m back to watching who’s making lower lows and perhaps those who aren’t making higher highs.

Northern Star Resources (NST:AX) needs to hold the $10.14 low seen in late February 2023…..but there are gaps still below which should be filled.

The latter thought is voided if you receive a takeover bid….

Santos (STO:ASX) hasn’t broken the $8.09 high of early November 2022.

In NST’s case, the downtrend is picking up strength while Santos’ upward trend isn’t so robust.

August 18, 2023

by Rob Zdravevski

rob@karriasset.com.au