Nickel up and inspire great optimism here. The problem is we often go away from what future could allow us. During the up, people happily dream and help future plan its path.
Have you seen a new thread "Seeking Clarification - just a thought" here? Of course, since it is the time we could happily show our hopes for a fresh starting. Too many jump into the historical data before the delisting but forget the history never repeat simply.
The truth is without matter what history shew, nickel has to be up to a tip point if we have any chance to get MBN back from the emergence room. Nickel has always disturb our feeling. This time it redoes it again. It drops down and drops down very much.
http://www.*****net.com/charts/metals/base/spot-nickel-6m-Large.gif
Technically it is not good. It has broken $5.5 support line. If its dropping continues to lower than $5.25, it could say bye bye to the existing booming phase. However if nickel could hold up over $5.25, we could have 80% odds that nickel reaches to $6 or more. It is a tip point for nickel and MBN technically and perhaps fundamentally!
Once a tip point appears, market would call loudly for a savior, who would get MBN out of the water! What's the probability? I believe it is higher more than 95%.
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
