The TA demonstrates perfectly what is going on, that it doesn't suit your highly biased opinion of what you think should be happening, doesn't mean anything at all
Break 16.5 and a retest of the lows is the probable outcome and that looks very likely here, bearish shape in this base says it's a bear flag ... will it retest the low or make new lows?
Clear distribution taking place and it's not hard to understand why, if PAN can't significantly reduce it's costs then when the AUD nickel price drops, which it will eventually, PAN goes back to care and maintenance. Big money sells when they can, not necessarily when they want to and someone is thinking they won't get enough of a market to unload on higher up so they're starting that process now
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