XAO 0.14% 8,013.8 all ordinaries

Short Term Trading Weekend Lounge: 9-11 August, page-18

  1. 6,670 Posts.
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    I setup a nickel watchlist a few weeks ago, but those stocks did nothing.
    ARL, AUZ, BAR, BOA, BSX, CR1, CZI, ESR, EUC, GAL, GBR, JRV, LEG, MEI, PM1, SGQ
    Well, that's not strictly true … they all went backwards …. in the red so to speak.
    At the end of last week, there was a noticeable change with ARL, BAR, BSX, and SGQ all showing double digit gains.

    An updated nickel price chart …. but I still don't understand why the others are so lifeless.

    https://hotcopper.com.au/data/attachments/1681/1681578-841c85aa68239c24c559aafefd1af2ce.jpg

    There's some fundamental reasons supporting the rise as well ….

    https://uk.reuters.com/article/uk-metals-nickel-ahome/column-indonesian-supply-fears-stoke-brutal-lme-nickel-battle-idUKKCN1UZ1H5

    https://news.metal.com/newscontent/100960086/Top-Philippine-high-grade-nickel-ore-supplier-to-suspend-mining-in-Oct/

    Chart wise, ARL and SGQ look pretty good, with a lot of accumulation happening over at JRV. As for the others, scratching my head. Maybe it's to do with nickel sulphides versus nickel laterites?

    https://hotcopper.com.au/data/attachments/1681/1681583-d221475e6ac8d1da54f3c62b11f4b5d9.jpg

    https://hotcopper.com.au/data/attachments/1681/1681585-ba7dc0e0068cee2b93c2a6369a076873.jpg


    https://hotcopper.com.au/data/attachments/1681/1681587-2bd6dc11b672695e1849c47f28b39860.jpg

 
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