Trader's Logbook

After we have seen the Continuation pattern for NIKL last week, the price of NIKL has finally broke the resistance with big volume. Will it continue to go up? Normally, we will see a test of newly found support after the break so it might not be good to enter at this stage because the price [...]

For those with NIKL stock, the price movement for a couple of days may interest you as it formed an Ascending Triangle. The ascending triangle is most of the time considered bullish formation that forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end [...]

For those holding NILK, it seems that your pet is facing an old adversary at this time. Resistance few months ago seem to haunt NIKL again. Price went down the 20day SMA and bearish bias is still strong. Today it touched the support line and managed to climb but may revisit again soon. Caveat!

Looks like we need to fill the gap in order to loosen the RSI a bit more. Will it happen tomorrow? Candlesticks looks bearish plus the fact that price went down below the upper band. Correction is at hand for NILK to surge the next time around. Caveat!  

NIKL (NICKEL ASIA CORPORATION) – is up for a 50% stock div play but no date yet. Basing on its chart, the price may fall. I think traders were so quick to get in when the news about the 50% stock div was disclosed. Now that the nickel price in the global market has dipped [...]