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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Comment by caramba71on May 11, 2021 9:20pm
182 Views
Post# 33180105

RE:Trying to wash out positive sentiment

RE:Trying to wash out positive sentimentAgree and agree. Share price is currently slighly above the average within one of my long-term parallel channels. Wish I could upload an image (not just sharing an image url).  Looks still very solid and this - while more driven by the overall market - was healthy.
Also, in the last 10 minutes 48k shares took it down from 3.92 to 3.77.
A friend of mine owns an algo-trading company and he once explained to me that their algos utilize market sentiment (really messes with our our brains), and in their case they almost always close positions at the end of the day - especially when higher market uncertainty is in play.

The impact is that it gets more retail investors pull the sell-trigger in the morning,

I wouldn't be surprised if tomorrow we'll have more downward pressure with a +15 to 20 cent
intraday opportunity. Not saying it will close with a plus.

I am usually not getting up at market-start (6:30 my time) but tomorrow I will set my alarm.

GLTA

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