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”MCR hasn’t gone under it’s June low”You sure about that? :) See...

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Mason8

296 Posts.

147

18/10/22

23:48

Post #: 64266971
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Originally posted by Hingdog: ↑

NIC is a trash bag, POS is a POS spec thing. CHN 100 bagged in 3 years, it's unsurprising it's giving some back(relatively speaking it's fallen less than PAN since the April high) .. SLR NCM are a different sector.

So MCR is the closest comparator if we believe PAN is a half decent company. MCR fell 47.5% high to low, PAN has fallen 61.5%. MCR bottomed in June, PAN didn't form it's low in that leg till July(the best stocks bottom first). MCR hasn't gone under it's June low, PAN has now gone 13% under it's July low.

That is relative weakness to a comparable nickel producer plain and simple.

There are plenty of resource stocks that are showing relative strength to the overall market now too, PAN is still going down even though the index has been going up over the past 3 weeks, again, that's relative weakness to the market.

Read Minervini's Think and Trade Like a Champion, particularly the section of "follow the leaders" or watch some youtube videos by CANSLIM traders to understand relative strength

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”MCR hasn’t gone under it’s June low”

You sure about that? See below.

Looks like re-testing low made in June before a further fall…

PAN Price at posting: 15.5¢ Sentiment: None Disclosure: Held
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