$NIC - NICKEL MINES - Calm after the storm range contraction

Nickel Mines has been having a great run as of late. On the 15 minute chart you can see it is consolidating before its next break - hopefully to the upside. I have set an alert to let me know when the OBV crosses above the 30(MA) to take another look and pick an entry.

Nickel Mines Ltd is an Australia-based company that is focused on producing nickel pig iron (NPI). The Company, through its subsidiary PT Hengjaya Mineralindo, owns the Hengjaya Mineralindo Nickel Mine (HM Mine). The HM Mine is located in the Morowali Regency of the east coast province of Central Sulawesi, Indonesia. The HM Mine covers an area of approximately 6,200 hectares.

코멘트:

Another 5% up today and has tested 40 cents a couple of times and kept going. Will look for an entry when the RSI drops towards a better area of value.