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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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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