This is a story about how exponential increase in Nickel's price negatively impacted a fundamentally strong nickel mining company and without any fault from the company itself!!.
⬜ Little bit of background
We all know that commodity prices are skyrocketing due to Russia-Ukraine tensions and in the fear of sanctions on Russia. Russia has major market share in...
watch closely for another sharp drop down to $1.30, due to LME closing trades, NIC biggest supplier to TSINGSHAN, if drops to $1.30 and consolidates very good entry for swing trade to $1.60 25% profit, i would also set a stop loss just below at $ 1.20 , very bullish this company
forming head and shoulder pattern,if breaks could drop as low as $1,05 major support line, im currently long ATM stop losss set for $1.30, exit level $1.61 ,head /shoulder pattern is concerning
strong support at $1.40, almost a bottom of BB, good entry point @$1.40 with exit @$1.63 potential 14% profit, 12-14 day time frame, extremely bullish long term this company as well
NIC Bullish Director On Market Purchase
In Brief
- $500k
- Nickel Supply gap in 2022
- NIC is doubling production capacity
- Strategic Shanghai Fundy increased holdings to 18%
NIC is expected to drop further down towards its strong level of $0.725 IMHO. I think price may consolidate for a bit like it is currently for a further plunge. My buy zone is around $0.725, for a potential buying opportunity. Lets see how it develops in the next upcoming sessions.
Please note these are my own notes, by no means trading advice. Please do your own...
A NEW FORCE IN
GLOBAL NICKEL
Nickel Mines Limited (‘Nickel Mines’ or ‘the Company’) is an Australian public company emerging as a globally significant, low cost producer of nickel pig iron (‘NPI’), a key ingredient in the production of stainless steel.
Nickel Mines now holds 80% economic interests in the Hengjaya Nickel and Ranger Nickel projects, both of which...
With the screaming & shouting about Nickel, here is one who has potential, with support & resistance zones marked by the red dotted lines. RSI divergence bleeding off so watch for a break & retest of the $0.63c zone
Nickel Mines has been having a great run as of late. On the 15 minute chart you can see it is consolidating before its next break - hopefully to the upside. I have set an alert to let me know when the OBV crosses above the 30(MA) to take another look and pick an entry.
Nickel Mines Ltd is an Australia-based company that is focused on producing nickel pig iron...
