Nickle Finds long term supportNickle Commodity Index DJ:DJCIIK
Monthly Chart
- Long Term Support Line (holding)
- DSS Bressert Cross ideal (TBC)
- On DSS cross confirmation you could enter a
trade or enter at current price & place a tight
stop under the Long Term Support line to protect
your position.
Nickel Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
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Nickel short tradeThanks for viewing,
I am not sure how widespread interest in Nickel is, my interest in Nickel is;
- It is a valuable metal that is in demand as the world turns towards electrification (Nickel currently has a low proportion of its demand ~3% from batteries and ~70% from steel-making but EVS. Vehicle
Nickel just broke out below support and trendI am really a Nickel bull, believing that will we see a level like $20,000 per ton in 2021-2022 thanks to increased demand for Nickel in batteries. I think that fundamentals point to it's a good price level right now for buying, at least if you have a longer investment horizon.
Technically, however
**Reposted - Nickel price looking to reverse to the upside?*Reposted**
A Bearish Gartley and potential 2618 Trade setup to the upside.
To watch for:
1. A confirmed Double Bottom
2. A break to the upside.
3. A break and close above the highest high of the Double Bottom pattern.
3. A Gartley Pattern completion if price hits the D leg.
4. A retracement back
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.