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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 > Signs I'm looking for to indicate THE BOTTOM.
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Post by apapas1973 on Sep 13, 2021 5:01pm

Signs I'm looking for to indicate THE BOTTOM.

There are certain technical indicators that can give us a clue. As it stands this stock is testing the previous low but some of these technical indicators are higher than they were last time the stock was down here on the daily charts, not the weekly. The higher high is a good sign, but I think at this point we need a break below 2.60 and reversal and for these indicators to still stay above the previous low. That would be a divergence. That would be the first sign that could be it for the downside. IF this could bounce strong tomorrow, then that would also be a good sign cause we have divergence now anyways. But it doesn't feel right. Not sure we're going to get that bounce from here. I really hope I'm wrong but I think we may get another gap down tomorrow and trigger more stops. That would really test everyone's nerves. GLTA.
Comment by EndZonefor7 on Sep 13, 2021 6:13pm
Agreed apapas, this is getting very long in the tooth and we need to see a strong green day soon or some long overdue positive news flow begin. This week is very important IMO as the chart is horrendous. 
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