NP still at $8.01 uslb
now hovering around 8 handle
looks bullish on the inverted head & shoulders pattern with target of 10-12 on the bi-annual chart
NICKEL Price
17,655.00
+186.00
+1.06%
02:19:19 PM MI Indication
To all those chicken littles calling the sky is falling in on Ni well surprise, nothing like it has happened, in fact way way above the prior collapse of 2015 when it went to 3.50 and POS SP stayed above 7.00c forget 0.70c which a tenth of the SP it was then at half the current NP.
The oversell here is dramatic and way overdone based on what happened to dufuses AFAF BHP and IGO overpriced looser purchases.
Yet we know Macquarie boyz are calling a massive V rebound
so they are sweeping up ASX Ni stocks at historic lows yet their favourites the last 12 years WSA MCR PAN SIR are all gone so only IGO POS left to ramp or buy in at lows.
SIR they ramped from 5c to 500c and arranged the takeover at 320c to IGO
thats a 10,000% move higher.
WSA they annually ramped it by a 1-2 b a g g e r on average but now they have ignored its owner IGO thus far who has shuttered the WSA assets to their dismay no doubt.
Wonder what the Macq boyz could do similarly for POS from here with a rising NP?!
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