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Nickel Industries Ltd (NIC) 77c

In similar fashion to SFR & S32 Nickel Industries (NIC) rallied +32% from its July low but its subsequent 35% tumble is of concern.

  • We’re a little more cautious towards NIC as it currently “looks & feels wrong” from a price action perspective.
  • Investors should always remember that price very often leads corporate  &/or commodity performance.
NIC
MM is neutral NIC ~77c
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Nickel Industries Ltd (NIC)
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