Is going to be interesting going forward.
On technical the predicted support levels at 90C or even 1 AU$ looks like is not going to happen...
Shorts should be closing right now if not whishing to be doing like Xiang Guangda with Ni position at LME.
What else worst catalyst news can happen for Nickel and Nic going forward? Ni prices are much higher and indeed we are hoping for prices to come down for the benefit of Nic share price, this is a dream scenarios for someone holding Nic shares.
TD and Guangda have been bailed out....some 50 $billion revenue per year business will have no trouble to fund Nic production expansion for few hundred millions..
On techs.. RSI indicator for Nic reach a lowest oversold point at just below 30 on daily candle, the lowest since 2020 pandemic....do you really what to short Nic sp at this low RSI, and considering that all the bad news have been priced in already?
Going forward will be interesting to see where Ni price will go on LME, my hope and most likely is for a retrace from recent crazy high to settle much higher than pervious quarter for Nic. These prices they say is adding $1000 to the price of an electric car....so what? $1000 added to $30000 or $40000 car price is still below current inflation rates. What has not going up with current inflation is Nic share price......
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Last
84.8¢ |
Change
0.018(2.11%) |
Mkt cap ! $3.632B |
Open | High | Low | Value | Volume |
84.5¢ | 86.0¢ | 84.0¢ | $1.342M | 1.577M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 173566 | 84.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 56926 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 160724 | 0.845 |
13 | 203376 | 0.840 |
9 | 75830 | 0.835 |
7 | 85535 | 0.830 |
2 | 107011 | 0.825 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 54848 | 11 |
0.855 | 184663 | 17 |
0.860 | 362544 | 24 |
0.865 | 86781 | 9 |
0.870 | 999794 | 17 |
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