ASX NIC has put in an ABCDE correctional wave and the completion of the correction to be confirmed by break of wave D - Purple line. Hopefully still continues the wave pattern to start the impulse waves - dashed arrows
Wave 4 on a weekly chart is finishing up, the up side is significant !
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...
ENTRY: 1.155 SL: 1.300 TP1: 1.065 TP2: 0.965 - ADX<20 - RSI<50,RSI>30 - Daily RS -ve - Daily FFI -ve - Daily MACD -ve - Weekly RS N/A - Weekly FFI -ve - Weekly MACD -ve - Breakdown with good volume on 27 Apr 2021 - Retraced with low volume today
NIC has gained around %30 in 3 weeks and hit the weekly resistance. #Volume is increasing. It may correct after such gain.