NIS 0.00% 2.5¢ nickelsearch limited

very low volume day, only 1.35m shares traded so far, just over...

  1. 6,354 Posts.
    lightbulb Created with Sketch. 1525
    very low volume day, only 1.35m shares traded so far, just over $105,000 worth which is essentially nothing. Days like this will skew the chart and it's Xmas so there'll be less volumes unless some significant news comes from left field, otherwise it's a bit of sideways action until 2024 which is only a few weeks out.

    Nickel is being touted as massive growth in 2024 with defecits to come, so maybe NickelSearch should alter the name to Mineral Search or Critical Mineral Search as the nickel resource might actually start to be valued next year.

    Lithium market has slowly been turning positive, the AKE merger ongoing to become an evern larger, global company...so they'll want to also increase their interests around Mt.Cattlin to feed their plant.

    Small time traders now just selling off their pocket change to maybe by their mum and dad a Xmas present, pointless to buy if you're not willing to hold out for longer than a few days during a quiet period, this is when the buying opportunity provides the most return but these traders will jump on when it breaks 8c and pay much higher entries.

    They'll jump on at 8.1-8.3c and try sell at 8.7c - 9c......just a little Xmas tip, if you want to avoid buying on the higher side/hype.

    The threads and over on X is a lot quieter.

    Daily Chart looks pretty great at this point, finding it's base zone between 7.4c and 8.1c; MACD bottoming out, RSI bottomed and oversold; probably stay like this until everyone's back from Xmas break and news flow starts to come in January.

    - $16.4m Market Cap with plenty of cash
    - Highly prospective lithium tenements
    - Non-disclosure Agreement with AKE
    - Analysing 40 years of Historical Nickel Drilling and 140kms of logged assays previously not checked for signs of pegmatites or lithium
    - Global Lithium sentiment turning positive
    - Nickel deficit coming in 2024 with price rises; bodes well for the NIS Nickel resource.
    - 10kms from Mt.Cattlin (AKE)
 
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(20min delay)
Last
2.5¢
Change
0.000(0.00%)
Mkt cap ! $5.339M
Open High Low Value Volume
2.5¢ 2.5¢ 2.5¢ $672 26.88K

Buyers (Bids)

No. Vol. Price($)
1 101245 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 50000 1
View Market Depth
Last trade - 12.35pm 03/05/2024 (20 minute delay) ?
NIS (ASX) Chart
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