Stock: NIKL
Company: Nickel Asia Corp.
Support: 5.40
Resistance: 6.00


  • Trading in a sustainable uptrend channel, forming a massive rounding bottom pattern.
  • Set to retest its psychological resistance level at PHP 6.00.
  • Able to build a solid base support level at 5.40 with intraday selloff rejection.
  • Parabolic momentum level and volatility.

Recommendation

Target Price: 6.60 / 7.00.

Stop loss level: Falls below 5.30 level.

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