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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 Sep 29, 2023 6:36am
176 Views
Post# 35661017

Most probable path for CNC.

Most probable path for CNC.As Caramba stated below, we're most likely going to get a run here. I'm curious today to see if we punch through 125. How convenient of them to stop it there. A move through there on volume would get us to 140 quickly as Ive stated before, but I think it'll overshoot to bigger resistance in the high 140's. That projected number used to stand in the low to mid 150's but the large moving average continues to fall. The 64,000 dollar question is what happens next. 

We're about 2 weeks away from feasibility. That gives us plenty of time to move up to those numbers where I suspect it'll stop and take a breather just in time for the news release. I don't know yet if this will crater after the news release (because of something traders find disappointing) or finally bust out in recognition and start a new trend. Will reassess at that time. I think it'll be the latter with the risk of having egg on my face. If it does turn out to be the latter, it'll be the beginning of a major new trend and then we could really throw out some numbers.  GLTA
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