Canada Nickel Company Inc V.CNC

I think 3.55 is an important resistance level

[apapas1973]

I'm not a technical trader so anyone feel free to correct me, but the pattern forming seems to me like some kind of a triangle or pennant. A break above or even better a gap up above roughly 3.55 with higher volume i would think brings CNC testing it's all time highs in very short order. IMHO.

[6t3manx]

 My support call is somewhat lower ($3.30 CDN area) It’s held nicely since the $4.50 bounce The past year has been undeniably intoxicating.  What ever will be will be; https://m.youtube.com/watch?v=xZbKHDPPrrc We are all looking forward to upcoming PRs and updates going into the expected PEA release.  Your input is respected and appreciated. 

[apapas1973]

Oh you're talking support 6t3 as in what level it should hold as it drops. Yes you're right it's around the 3.10-3.30. Alot of action around there. If those levels break, look out. I'm talking resistance, what level it needs to break above to start a quick increase in price. Let's see what happens. Thank you for that 6t3. I also look forward to yours as well as others input on

[Nukey]

This is by far the best board of stories I own. I thank all of you for the insights into CNC, as I continue to add when I can at anything under $4.  The commentary here has always been informative and professional, cheers,  nukey 

[6t3manx]

Good afternoon A1973.  You are absoulety correct. I misread your post.  Resistance is definately as you stated.  We dropped through my support estimate but I am not concerned.  This bounces ridiculously.  Facts, drilling and the upcoming PEA will be the catalysts going forward.  Mining stocks are results and news driven.  Mark Selby is well aware. 

[EndZonefor7]

Agreed, solid board here and posts. Looks like we're in a bit of a news lull, but hopefully some news from all those 3 drills. Will MacDiarmid drilling soon be a 4th I wonder ? I think someone else mentioned the chart is showing a nice looking bull flag forming. MACD bottomed for awhile and RSI beginning a bottom. Any opinions welcomed.  https://stockcharts.com/h-sc/ui?s=CNC.V

[apapas1973]

We need positive news soon endzone to push us up and through the old highs. The longer we spend here the more we are at risk of breaking the $3 mark especially if the markets take a bit of a breather here. Although I don't think we spend much time down there, it's still a pain because it may take a while to reset positive sentiment on the stock. Also the price of nickel is a little light