The real problem here is this is showing serious relative weakness to the market and even to other nickel stocks. That would be a major concern to me if I was holding. To see it down today when the XSO is 3% up and XJO almost 2%, nickel pretty much flat and a very low AUD, with many stocks up significantly and this is getting hosed. Something ain't right imo, buyers should be eating this up on a day like today
That's volume getting done at the lows, is it capitulation? Seems unlikely to me but we shall see over the next couple of days, I expect it's going lower
Most, if not all, of those large volume bars are large dumps, even the green ones(they're only green because the price in that 5min bar closed where it opened), the "manipulation" theorists have some explaining to do!
PAN Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
