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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 PCGuy10on Feb 14, 2022 3:15pm
110 Views
Post# 34427374

RE:They're going to keep punishing us.

RE:They're going to keep punishing us. It's pretty clear the Bears and Short Sellers Own this one. I got out on Friday because I set an emotional red line at 2.90. We keep breaking through key support levels - 3.50-3.20-3.00. It broke through 2.90. 

CIBC Investors Edge flagged a Diamond top with a price target of $1.60-2.00. Given the accuracy of the previous bearish patterns (Top Triangle $1.90-2.20, confirmed at 2.18) and the failure of the bullish ones, the bears own this and are riding it down.

For the last year i've been hearing "I don't want to bee on the sidelines when this think gets halted". Hasn't happened yet, and the history of missed timelines have not been kind to the share price. The Strategic Partner by Christmas has come and gone, the markets are smelling a hung jury and are not impressed.
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