Macquaire a seller & shorter, sold at 2.60 a 1.61M share parcel after massaging the price all day with small buys
Yet looks like they made a bad call as nickle rises past annual highs & CBA was buying sub$2 but selling at $3 so dont see CBA selling yet to call a top and cash out their 25% profit so far but may happen soon enough.
If Nickle was IO it would be at 9.00
If Nickle was Zinc it would be at 8.00
If Nickle was Copper it would be at 7.00 but its at 5.20 way lower
Looks like its headed to 6.00 in a major catchup to other commodities.
Watch 2.42 resistance and if Macquarie keeps selling into the retail buyers hoping for a rising share price while they sell.
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