The price action and buying volume on 9th gave me some confidence the position I took once $3.50 was breached. I bought a bit early before what I thought was a clear trigger presented, partly because I had too much of a biased eye on LME nickel stocks. Anyway, put that down to a trading mistake that hasn't hurt me. Still feel we need a catalyst to get out of the current trading range, which personally I'd put at $3.30 - $3.75. I also think this range, especially the bottom end, is easily supported by the fundamentals so presents good risk/reward buying.
WSA Price at posting:
$3.56 Sentiment: Buy Disclosure: Held
