Company: Nickel Asia Corporation
NIKL encountered resistance at P6.41 to close at P6.32. We expect the stock to remain bullish and range between P5.85 gap support and P6.41 resistance in the short term.
We recommend buying on dips near P5.98 and P5.85 with a target of P6.77 and P7.00. Place a mental stop if the stock closes below P5.40.