NIS (ASX) NIS chart

Originally posted by Cheeky-Charm: ↑

NIS LeVeLs to take note of IMO

NIS Float: 95M
December Volume: Just under 103M so far (excluding Chi X)

R1 - 10.5c
R2 - 12c
R3 - 13.5c

Seems the old saying "Buy Low Sell High" appears to be taking place on a stock showing an existing uptrend and a potential continuation pattern here.

Reversal Doji (to the upside) was spotted on Friday last week, to which I posted on HC about this potential reversal. 48hrs later it seems to want to hold at the moment. Market sentiment seems to be bullish on this still and therefore I would bet that prices will continue trending along with anticipation of further news, of people dip buying, of traders adding for a swing. The lack of shares is bringing all participants on board. I wanna say I actually put NIS on my radar on 7th Nov. I saw it on 2nd Nov but didn't put on on watchlist due to losing gains and turning red. When it held and ran then I knew this is in play.

I didn't touch 5c, or 10c or even 13c. I waited til this reversed back hard into horizontal and trendline supports before taking a slice myself, as I also highlighted in my trading plan on other NIS threads. It's my first time posting in the charting thread, despite posting charts elsewhere SORRY!

My Only Regret: Being low stacked in my chip count, because as I see this basing I have no additional capital to add to my position.
I did purchase at 8c price and have held at a small drawdown which is nearing green for me. Considering I HAVENT been able to add, I may need to take profits at a sooner target as opposed to 11.5c or 12c, in saying that I will track and manage the position here as big things look likely Share Price wise GLTA

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Sorry folks 12th December 1st Green Day where that volume took place, trapped me and I suspect so many others. Except too many are holding and not cutting

Originally posted by Cheeky-Charm: ↑

Sorry forgot to attach an NIS Monthly Chart

@Patternshere seem 1 month red, 1 month green. 1 month red 1 month green. We have just witnessed a RED December. Based on this, it seems JANUARY would be the green month, provided pattern remains intact

I have outlined below an ARTISTIC IMPRESSION of my predictions/guestimations for next month and aheads price action.

I suspect we could see a push upto 20c, followed by a sell down to say 15.5c to 16.5c not sure where it will close. 16.5c would be good for a further run.

To support this, we should also be seeing a volume break out in Jan 2024 clearly NEWS BASED events are to occur for such volumes and price movements.

If Lithium next year starts bouncing off lows, this may even see a retest of former 24c highs so many eyes are on Lithium of all the stocks, I'd take this PURELY as the only Lithium stock with the LOWEST amount of shares issued. GLTAHz

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What good is the monthly chart if my entry is still significantly premature...

Originally posted by Cheeky-Charm: ↑

Well nobody knows if this will break down from here, or break out.
One thing evident is the NIS trendline, and volumes always transacting at that level.
Considering the free float as I mentioned, people still seem to be holding into next year, albeit small scalpers and traders.
A volume breakout IS Guaranteed! Just not sure if that will be a small shake to the downside on volume?
OR if prices here hold and news comes to give it a volume push up?
Time will tell, people are looking at and seemingly using these levels IMO
It's too close to 150/200 EMA's to short, and it's off the highs nicely to have much reward as a short (which there are none).
Time will tell gents how this progresses especially as eyes are looking at LIT ETF to clear $50. Which would really turn many lithium stocks incredibly bullish again

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BREAKDOWN it is!!! And for a genuine reason. Stock has no MONEY left forget the bag holders that say there's still $4M cash. GET THEM TO PROVE IT with a statement or an ASX documentation,. You'll find there's less than $1M
As mentioned has not been easy at all for me to eat the loss. Held for 12 straight trading days, not a single chance to exit except THE DAY AFTER I BOUGHT IT.... 8.5c the next day hit 8.7c but who was going to lock that in? Seriously

Considering I have been on the wrong side of many stocks, the only time I have found a stock to be incredibly difficult in upticking ARE THE ONES WITH CAPITAL RAISINGS ON THE WAY !

NICKELSEARCH nice Pump N Dump thank you for allowing me to finally cut the loss. I made my pain far worse than it needed to be, I costed myself 12 days of opportunity and to be honest I forgot about Xmas & Boxing Day holidays so I was left with F ALL FUNDS really struggled badly.

NIS has NO support 6c is not an ideal level, 5.5c is still tons of downside from the current 7.1c pricing. Good luck folks its either this bounces coz I haver been completely taken out of the position, OR a trading halt for a C.,R will come and I did a fine move of cutting my loss. Either going to be regret or thankful to have not lost more. Either way I don't think I personally will EVER look to re-trade this. Some stocks you do well on, others you dont. What I will know for next time is how this runs and what makes it run.

I HAVE NEVER WANTED TO SEE A TRADING HALT SO BAD ON NIS - Regarding Funding !! It's guaranteed