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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 > Massive divergences forming again.
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Post by apapas1973 on Jun 29, 2023 4:16pm

Massive divergences forming again.

It's that time again. Of the 8 indicators I use, 6 of them are forming huge divergences. Does this sound familiar ? Albeit 1 has a small divergence and the other has failed. Remember this could go on for a while. But ive been following this over the past month. This is going to get interesting. Like I said this is going to catch both bears and bulls off guard. 
Then it will be time for some crow and humble pie again. I think I made the crow and Endzone made the humble pie. Lol.
I also think after this bottom comes, they're going to let this run. The big money will be in. They'll have gotten what they wanted.   GLTA
Comment by Cobalt on Jun 29, 2023 4:31pm
MACD just crossing down now calling a fresh sell but at 32 RSI it is almost oversold what a weak chart dyodd
Comment by apapas1973 on Jun 29, 2023 4:55pm
I would agree the chart looks weak cobalt but I don't just look at the chart. That's exactly the reason most sell at the bottom and buy after a strong rally or near the top. They need confirmation. We need to look for clues of a turnaround. I use different parameters on RSI so I get different numbers. You're using the default setting. Also using macd cross and RSI is old school. People ...more  
Comment by Cobalt on Jun 29, 2023 5:06pm
Ya Ya i just listed the 2 glaring ones staring us in the face , I would never sell a 32 RSI too late for that would start watching for a dead cat bounce to trade
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