|BUY on WEAKNESS||$5.330||UNKNOWN||TECHNICAL ANALYSIS & SEASONAL INVESTING||Unknown|
Nickel has a seasonality that is very similar to copper, from November right through until May. Nickel prices have been going higher over the last 6 weeks. This stock has been responding to higher nickel prices. Has come off a little bit recently on weakness in the mining sector in general. Have a major project which is coming into production. The key is if they can bring the project on at a reasonable cost. Watch the resistance level at around $6. Forming a base pattern which indicates a stock is getting close to a short-term bottom.
Research Analyst, Jov Investment Management