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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

Post by apapas1973on Jan 03, 2023 5:14pm
268 Views
Post# 35201627

This is healthy.

This is healthy. As frustrated as I hear some on here might be, this retracement is actually healthy. We should always backtest key levels once broken above. It'll truly show if we have legitimate strength. If we get a parabolic rise in the price, then we set ourselves up for a crash.  I know everyone wants the price to shoot up in a straight line and that might still happen in the future, but you shouldn't lose sight of the big picture. Again it's your money so you have to do what you're comfortable with. There are no guarantees in this business. All we could do is use the tools available to us to make the best decision we see fit for ourselves. We already had a pretty good idea of where our short term target was. There should be no surprises there. 218 was the tough one to crack. At this point they're bringing us down to 180-185. With a little force they could push us into the 177-178 area maybe even a tad lower. I suspect some good money to come in then.  And by no means am I saying that I think this run is done. IMO I think this is just getting started. GLTA
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