2013-02-20
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| 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.
Don Vialoux
Research Analyst,
Jov Investment Management