Nickel ... slide or soar...???, page-125

Whhhhhhhhhhhoooooooooaaaaaaaaa
Sound the alarms on the POS Ark.

NP 4.20
smashed through 4.10 resistance only 2nd time in 6 months.3rd attempt tnt crashed it convincingly straight from 4.10 to 4.20.

Tsunami warning sirens blaring, villagers sleeping & ignoring it yet again.
volume spiking, POS ignores all other ni stock moves yesterday

I have mentioned the global ni deficit building since nov 2014, adding more chinese ports to stock counts last week yet another sign is very telling
LME dropping
chinese ferronickel mports well above 3 years ago, 300% higher monthly even, port stocks reaching critical lows, 40 year lows yet 40 years ago ni use was 25% of that now in china

TA experts & global ni experts are watching 4.10 to 4.20 like hawks right now.

If new floor or hold above 4.11 holds, its VERY BULLISH for NP
I predicted a 40c to 80c nightly NP move, imagine waking up & NP went to 4.75!
its not impossible, IOP GP ZiP all did it last 6 months.
Also watch if NP goes up countertrend in asx trade & NP continues rising against us$

Volume buyers tell me POS SP to spike soon as not many sellers in POS as true believers wont sell at 30c or $2 or 3c or 12c.

BNYM have taken 4.9% or near to perhaps a new 5% holder notice soon.

last time NP hit 4.20, POS SP smashed 3.6c to 5.5c in days on high volume.
lets see if market continues to disrespect nearterm mass producer POS & ignores it again.
remember the CEO stated restart with NP at 5.00. So cop must be 3.43.
cant ignore it forever.

buckle in as this looks like the breakout is real, NP to 5.00 this year imho. Not far off.