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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 09, 2023 9:56am
199 Views
Post# 35210840

Still possibly in next leg up scenario.

Still possibly in next leg up scenario. Even though they managed to break CNC and bring it back down to these levels, it's showing very positive signs this morning. OF COURSE THIS COULD CHANGE BY CLOSE. Lol.  What I'm seeing so far is a very quick reversal from the oversold area. Which is what I wanted to see. When equities bounce quickly from their oversold position, it usually means we're continuing with the existing leg up in the stock. This would confirm to me that this recent downturn was a manufactured move for whatever the reason. I would still consider it a positive test of the break out area even though we went below it. I would consider it a marginal break for a short time. Again, most likely shenanigans. We'll find out soon enough.GLTA
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