–
Potential Buy Entry Alert to Watch NIC
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $824.15 Million Market Cap, VWAP 0.625, ASX Ranking 289, 4 Week Av Turnover $2,666,885, Current Turnover Intraday $1,195,592 (12:43am AEDT), PE 8.5, Div Yield N/A.
Company Overview : Nickel Mines is an Australian company that currently holds an 80% interest in the Hengjaya nickel mine located in Morowali Regency, Central Sulawesi, Indonesia (Hengjaya Mine), which mines nickel laterite ore. The northern-most boundary of the Hengjaya Mine is only 12 kilometres south of the Indonesia Morowali Industrial Park (IMIP), which is controlled by the Tsingshan group (Tsingshan).
Broker Consensus : BUY
–
NIC – Nickel Mines Limited
NIC is doing the hard yards to build a higher low ready to launch to new highs. Watching the volume for evidence that more buyers are coming into the action off the sidelines to get on board. Buyers will need to hold price above the MAs and build the higher low for the shoulder entry setup.
–
Stock Code : NIC – Nickel Mines Limited
Company Website : www.nickelmines.com.au
Current Price : 0.63
Status : On watch for potential higher low and push up through 0.75
–
