Is NIKL going to correct soon?

Has NIKL reached its peak at 28.4 per share? This stock has been moving up for few months now with very little corrections on daily trade. Weekly chart shows that NIKL has hit the area where it was its peak last April 2013 but so far we don’t see any bearish candlestick formation. RSI or Relative Strength Index is already telling us that the stock is overbought. For those who want to get in, I think the risk is too high. Let’s wait for the correction.

Caveat!

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