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Nickel

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.
ASX:GALLong
by zAngus
3
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.
MCX:NICKEL1!
by freestocktips
2
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
WLong
by tradetheday
GGI.V -- Oversold and forgotten high grade Nickel and Gold PlayGGI has hit some rough patches recently but the macro looks very favourable with lots of attention on ethical Nickel, thanks to Tesla Battery Day. The Nickel Mountain Deposit hosts some of the highest grade Nickel on the planet. The head geologist Dr. Peter Lightfoot is one of the top Nickel experts in the world with many mining textbooks to his name. Billionaire Eric Sprott holds 20% of the float. Few know this but GGI also plans on drilling their high grade Gold property Casper where they reported a discovery early this year. The stock has not seen a lot of love despite the project getting de-risked and the deposit extended. A death of the helicopter pilot near the site added to the negative sentiment. GGI is now deeply oversold with strong historical and Fibonacci support at .50. Approaching a 52 week low set during the March market crash. I like the risk/reward at current levels. I am being told that the company is setting up for a marketing push shortly.
TSXV:GGILong
by wealth_bakery
Lots of price actionAlot of action from the price. Should I call it price action? This is already its own expression. Price action action? If you followed some of my previous ideas you will have noticed I missed out on USDCNH and it went way down. It could do a small pullback then flush down but I am not sure this is likely. Have the feeling USD is going to recover and I know to listen to my intuition. Making money comes as much as my intuition as from my quantitative approach (thousands of hours of backtesting and compiling stats), and my quant trading itself is the result of intuitions that I looked into. There is no magic formula :( All I can say is my gut feeling is that the USD will recover. If there was a formula to be sure, all the nerds in universities would be billionaires. But instead guys like Nouriel Roubini have predicted 8 of the last 2 recessions & are bearish on Bitcoin since 2010 :D There are logical reasons for me to think the USD could recover, including it has a record number of people selling it. Ah ye also why there is no secret formula is that this exact situation never happened before. There is always something that makes it the first time. It is never the exact same. Intuition > all because it is the only thing that can give you decent confidence you'll still be around in the long run (unless you risk 5% per trade or sell naked calls) as opposed to finding a system. The USD pairs are going to change phase, maybe not a complete reversal into an uptrend, but the downtrend I think will stop, and shift to sideways at least. Euro pairs GBP pairs Then even more is moving, in particular the Australian pairs Apart from FX there are some notable things going on. I crack up when I look at those 😆 Geez what is up with this? I hope no retail inverse ETF "investor" bought or there will be an investigation. Also copper is continuing its trend up and I was sure I was in it but apparently not, it got closed Friday afternoon and not re-opened. I don't understand I don't remember... Misclic maybe? Or I was drunk? maybe I thought "this is not a perfect setup" and I exited early with small profit? I don't even remember yikes. Well, going to have to wait for the next pullback now... Nickel also continues to skyrocket, tradingview does not have the chart but they have the ETF ones, so I'll show this Yes commodity ETF are bad (if used wrong) especially leveraged. If you think you can make easy money shorting them, yes maybe, but you have to think, how much alpha will I generate? Will you make better than the risk free return? Just because it looks like free money does not mean it is good. I did not even look into it I doubt it is really worth it. That's it for FX & the commodities I watch. I can't be bothered looking at stocks nor crypto nor real estate nor fixed income.
by MrRenev
5
$TSLA Elon Musk says " Buy Nickel" $ARRRF Next 10 X + GOLDI will keep this brief > Just wanted to give some bullets because like some of the 10 X ideas I have shared in the past I do believe $ARRRF is on the verge of a massive breakout. I don't want to spend much time on TA but will say I do expect the stock to break the previous 1.60 area as improving fundamentals and resource appreciation can justify it. Stock is trading in the .30 handle right now so feel it has tremendous upside Just wanted to get it out to community as quick as possible so you can do your own research . If you like this idea or my past ideas I don't always post on Tview but for now I am on twitter > @TheNvsibleHand but twitter kind of sucks with its BS censorship, so will be there till we build the #newinternet powered by Bitcoin and Litecoin We are heading into a age of electrification and nickel is a key ingredient in the batteries that power the electric cars DD Notes 1. $ARRRF - Gold making a new high and nickel demand increasing , upside with a miner targeting Gold, Nickel-Cobalt, Nickel Sulfates 2. $ARRRF Ardea's total nickel and cobalt resource is 5.46 million tonnes 3. $ARRRF (via Heron's ex nickel resource) has the world's third largest nickel resource, and the developed world's largest cobalt resource 4. GROSSLY UNDERVALUED currently with only a 32 Million market cap which with the increase demand for Nickel alone gives great upside here 'Please mine more nickel,' Musk urges as Tesla boosts production www.reuters.com website ardearesources.com.au
OTC:ARRRF
by InvisbleHand
3