The "bust out" to 10.5 cents stretched stochastics to overbought but we now have a high volume break-out to new highs (last 5 years). Mt near term target to +14 cents is still valid BUT we we will get some wild swings in the immediate future. A lot of fundamental factors at play here (1) market reaction to assay results (2) nickel price and LME warehouse (rapid) draw-down of nickel stockpiles. This is a 10 day / 15 minute chart that is a typical high volume moonshot in progress. Notice that volume runs with the trend. Good luck to all longs
Chart pattern projection to +14 cents, page-16
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $16.71M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $3.993K | 859.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 75 | 64320256 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6658037 | 19 |
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| Last trade - 15.49pm 26/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |