Nickel
CNC $5.8 Price TargetBeautiful Canadian stock.
Looking at a +$1.4 on a per spike basis.
We know the value in nickel - for the potential EV market.
If you want to set a stop, do it at $2.5 so that you don't lose out in a potential sub 3 dollar dip. I would buy more, you only lose once you sell :)
$5.5+ price target.
Love it long. Will be buying at either 3.25, or at 3.5 on its way back up. And of course again at supports, and again below support up to $2.5
You're welcome in advance.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
50% Fib retracement level$NOVR Nova Royalty sitting on 50% fib retracement level and also at Ichimoku Cloud support. I think it is a good entry point for loge term commodity bull market. #Copper #Nickel
$VALE - once this breaks out...Commodity markets are 20 to 25-year cycles. When commodities are at their lows relative to the S&P500, it is usually an opportunity of a lifetime. VALE is a great example of a base metals producer that will do incredibly well in the coming years. It also pays 8% dividend. Combine an increasing share price with a high dividend and you've got a stock you can't afford to miss.
CCW.V Acquires 39,200 Hectares of EV Properties in ON and QCCCW has acquired nickel and copper properties to add to its flagship Cobalt, ON property that has been delivering bonanza silver and cobalt intercepts. Bullish Engulfing candle and pickup in accumulation make for a nice chart setup.
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COQUITLAM, BC, Feb. 16, 2021 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce the acquisition of 39,200 hectares of EV properties in Quebec and Ontario. It is Canada Silver Cobalt's intention to transfer the properties, in exchange for shares, to another public company to be identified by the Company, in order to capitalize on the current EV market, and to distribute the shares by way of dividend to Canada Silver Cobalt's shareholders.
These properties have a strong potential to host a variety of base metals including nickel, copper and cobalt. This strategic move is for structural organization purposes to add to our current cobalt mineralization discoveries in the Cobalt Camp and as an expedient approach to the increasing demand for EV battery input materials. Canada Silver Cobalt's main focus will remain on its High-Grade silver discovery at the Robinson Zone with drill core silver grades of 89,000 grams per tonne (January 29, 2021 CCW Press release).
💰🧧 Metal OX 🐂 🏮❤️💰💰💰 ( Year for Softer Metals)This is the second part, I would recommend you watch the First part
So this is t he Year of Softer Metals and our focus will NOT be on Gold. Gold is the 'Hardest metal' for the Financial standards and has already reached all time highs last Year ( last year was also a Metal year but Yang, not Yin!)
In this video we cover:
🏮Silver which is far away from it's price in 1981 (!!!)
🏮Platinum which has been our first pick in January
🏮💰 Lithium which is the definition of a 'soft metal' and was a huge success for us in 2020
🏮 Nickel which we like to invest through an (ETN) exchanged traded note or this Australian beauty 🦘
MCX Nickel Parabolic Curve Pattern & TipsThis is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement.
As mentioned in the chart, At the end-point of Base 3, indicated by the "X" symbol, the nickel could double in the shortest period of time. Targets: 1426 - 1632 - 1778 - 1854 - 1962 ( 2.618 - Based on Fib Retracement ).
If nickel breaks the curve line, it can collapse up to "X" or base 3 deep. Hence, we can see the following targets from the selling point: 1130 - 1050 - 960 - 850 and below .
Remember, trade with the direction of the breakout. And stop-loss above/below breakout level.
Nova Royalty Corp, copper and nickel royalties for EV boomI like the macro setup for this new copper and nickel royalty company. I'm in at $2.78 with a stop loss at $3.04.
Experienced management and board members from Metalla Royalty & Streaming (NYSE: MTA, TSX-V: MTA)
Copper and nickel are both expected to be in critical deficits by 2025 or sooner
Annual nickel demand from EV batteries is expected to grow 20x by 2030
Royalty companies are a great business (e.g., gold royalty companies outperform gold and gold mining companies)
Peter Schiff mentioned Nova Royalty is one of his largest personal holdings on his podcast
Here's their latest investor presentation: www.novaroyalty.com
PAN Cup and HandlePanoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects.
Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below.
Bullish:
Cup an Handle Formation
Bullish Market Structure
Trending above the 20MA
RSI trending above the 50 level
Cup & Handle target aligning with other targets
TB Fib Extension Final Target aligning with other targets
Fib Retracement .382 aligning with other targets
TB Fib Extension Target 1 looking achievable on the break
Bearish:
2 levels of support are indicated if we fail completion and reject off resistance.
Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus.
Watchlist worthy.
Disclosure: Held. Sentiment: Bullish.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
GAL:ASX - GALILEO MINING - Reversal off support?Just for something different, I was having a look through some of todays ASX announcements and thought GAL looked interesting. Todays announcement was around their increased focus on Nickel and Cobalt. Nickel is particularly interesting off the back of Teslas recent Battery Day announcements saying their demand for Nickel will be strong over the the next few years. From a technical perspective it looks like GAL might be bouncing off a fairly strong support area, RSI well and truly in oversold territory, but now pointing up sharply, current price is above its 8 day moving average. Quite a lot of potential upside if it does reverse and run. Current demand is on the stocks side as well with 53 buyers for 1,685,485 units vs 21 sellers for 660,696 units. @ClinicalTrader here on Trading View also likes it so could be well worth a watch.
SuperTrail says it might be a day or two early yet for confirmation. If it was up again tomorrow or the next day could be interesting.
MCX Nickel Detailed Trend Forecast & TipsHere, I have used Elliott wave theory, Fibonacci Retracement, and MA ( 30 & 62 ) to identify the next move. At present, MCX nickel in a corrective wave. We may see a reversion bounce off here. It can be up to 38.20% to 23.60% of the retracement level. Wherein, 38.20% retracement level will act as a resistance and 50.00% vice versa.
In other words, nickel will start raising for 1076 - 1090 - 1100 level. Dynamic resistance breakout will lead the prices for a 23.60% retracement level. Intraday or positional trader can hold 1080 level.
If nickel breakout the strong support and 50.00% retracement level, don't buy. That can slip immediately for a 61.80% retracement level.
Also, don't forget to wait for a crossover of MA 30 & 62.
WSA.ASX Closes Above Trendline Target $2.50Hello Fellow Trader!
Nickel index quite strong last week increasing by 6% and potentially heading to test August highs. WSA has been supported at the 61.8% Fibonacci retracement closed above a multi-month trend line with volume.
Western Areas Limited is an Australian based nickel sulphide explorer and producer with its core 100% ownership asset in Forrestania Nickel Operation.
Key Points:
- Caution - Price holding below the 200 EMA
- Caution - Price holding below the 50 EMA
- Would like to see price hold above the trend line and protect $2.20
- Fibonacci 61.8% retracement support (March low – July high range)
- RSI breaking trend, 50 mid-point, and range simultaneously for momentum
- Price must hold $2.20 and signal with bullish candle or if 21 EMA crosses 50 EMA.
Key Levels:
Support - $2.10, $2.20
Resistance – 50 EMA, 200 EMA, $2.50, $2.80
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – $2.21
Supporting Entry – $2.25
Candle Reversals for entry
- Bullish Hammer
- Bullish Engulfing
- Bullish Piercing
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below $2.02 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry $2.21 – Target 1 $2.50 = 1.5x Reward to Risk
Optimal Entry $2.21 – Target 2 $2.80 = 3x Reward to Risk
Supporting Entry $2.25 – Target 1 $2.50 = 1.3x Reward to Risk
Supporting Entry $2.25 – Target 2 $2.80 = 2.5x Reward to Risk