Bullish divergence on the 1HGood divergence on CNC
With the falling market , metals will pump so I am hoping this is a good time
CNIKF trade ideas
Canada Nickel (USA: $CNIKF) Looking Ready To Boom In 2022 💥Canada Nickel Company Inc. explores and discovers nickel sulphide assets. Its flagship property is the 100% owned Crawford Nickel-Cobalt Sulphide Project located in northern Ontario, Canada. The company was incorporated in 2019 and is headquartered in Toronto, Canada.
Another Update - PEA pushed backTarget date for PEA is now May 20 or earlier. Trading volume stagnating. IMO lots of upside from here. Finders x-ed the PEA will be positive.
CNC $5.8 Price TargetBeautiful Canadian stock.
Looking at a +$1.4 on a per spike basis.
We know the value in nickel - for the potential EV market.
If you want to set a stop, do it at $2.5 so that you don't lose out in a potential sub 3 dollar dip. I would buy more, you only lose once you sell :)
$5.5+ price target.
Love it long. Will be buying at either 3.25, or at 3.5 on its way back up. And of course again at supports, and again below support up to $2.5
You're welcome in advance.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
PEA just around the corner - trending upLooks like things could be heating up as the PEA is just around the corner. 15 days the most. Lots of news and activities this week and the share price is trending upwards.
Getting closer to the PEA - positive trend continuingrecent changes:
- Preliminary Economic Assessment (PEA) pushed back from end of march to end of April, due to recent announcement
- They also announced better than expected grind size --> less energy - lower cost
High Potential for this stock!!!! LONG LONG LONG Tesla is about to buy nickel and this has a high potential and zero carbon production potential.
Volatile is there and be careful to fall within the risk tolerance.
Stop loss: $ 2
Profit target: $5 - $6
Bullish Long-TermPatience required but the trend is continuing. After some news the next milestone to wait for is the PEA which is due end of March.
Further Upside from hereVery positive development this week:
- Agreement to use Glencore's Kidd concentrator (Cash flow impact)
- PEA in the works and to be expected eo March
- new lower base established at around $2.25
- resistance level at around $2.65
- Jr mining company with strong management and take-over potential
Pending NewsSharing this as the news feed doesn't show it:
IIROC Trading Halt - CNC
Canada NewsWire
/CNW/ - The following issues have been halted by IIROC:
Company: Canada Nickel Company Inc.
TSX-Venture Symbol: CNC
All Issues: Yes
Reason: At the Request of the Company Pending News
Halt Time (ET):
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in
higher low set?For those bullish on nickel this has the potential to be the higher low before the next leg up as it formed a base on the 55 ema and has a bullish close above the 9 and 20 ema. Which is great for those who use the crossover strategy. We also have a heiken ashi + macd combo that will be in play once the cross over is confirmed.
