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Bullboard - Stock Discussion Forum 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... see more

TSXV:CNC - Post Discussion

Canada Nickel Company Inc > Trying to wash out positive sentiment
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Post by apapas1973 on May 11, 2021 5:57pm

Trying to wash out positive sentiment

I actually thought we would see the all time highs before we visited these levels. I guess the 420's was close enough. Looks like the stock is retracing to wash out all the positive sentiment. All stocks go through this. This may actually be a better option for us. It allows for sentiment to reset and start the next leg up, alot of times a more powerful leg. Drill results and PEA are going to set the path going forward at this point. HOWEVER if these are less than stellar, then we're probably in for alot more pain.
Comment by caramba71 on May 11, 2021 9:20pm
Agree and agree. Share price is currently slighly above the average within one of my long-term parallel channels. Wish I could upload an image (not just sharing an image url).  Looks still very solid and this - while more driven by the overall market - was healthy. Also, in the last 10 minutes 48k shares took it down from 3.92 to 3.77. A friend of mine owns an algo-trading company and he once ...more  
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