NIC enjoyed a strong rally in November after announcing it had signed a memorandum of understanding with Shanghai Decent Investment Group which should be a solid positive for the company in the years to come. Nickel is a commodity MM and many fund mangers like moving forward due to its battery and clean energy uses and the current consolidation by NIC after recent gains is catching our attention – another 4-5% downside and the risk / reward will look attractive.
MM likes NIC under $1.30
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