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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 > We're still on track...
View:
Post by apapas1973 on Sep 13, 2022 6:25am

We're still on track...

I'm still seeing those positive divergences. As far as I'm concerned we're still on track (until proven otherwise) for roughly $2 as the first resistance followed by the larger resistance around the 250 ish. The larger resistance is a bit lower since my previous post. The larger moving averages are still falling cause of the substantial drop in share price but I think it's still possible for an overshoot into the 260 ish as I've stated previously. GLTA
Comment by GnuckyT on Sep 13, 2022 7:17am
The volume is down.  You trade about 50 thousand worth of shares a day doesn't even buy you a pick up truck.  Technical analysis does not work on low volume.  For example, whether or not someone shows up to buy tomorrow or sell and you TA goes out the door. VWAP has some utlity and it's bearish. You were also off on all your other calls so you are a reliable reverse ...more  
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