WIN gapped up on news that shouldn't have been a complete shock to the market. Yes, the grades are outstanding, but everyone should have known WIN is sitting on good nickel. It is after all, a previously owned nickel mine with multiple deposits in the same area that contain high grade nickel.
Traders get paranoid when they see huge gaps in the chart, I expect a retrace so that gap can be filled before moving higher again.
To put things into perspective.
Yesterday's move up was on volume of 13 million
Today's move down was on volume of 2.5 million.
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