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Thursday, January 20, 2011
Nickel Asia (NIKL)
NIKL Daily Chart
From the looks of it, it is still a long way to go.
The higher end of the IPO price is my long term target.
Intraday Support: 19.50 Resistance 20.80
ReplyDelete*Higher end of the IPO price is at 24.
ReplyDeleteNew intraday support at 20.50.
Forming a flag on the 5 minute chart.
Flag TP: 21.80.
5-minute support 20.50 turned resistance.
ReplyDeleteSymmetrical triangle formation also found on the 5 minute chart. Breakout once 20 is taken out.
Symmetrical triangle on the 5 minute chart cancelled out today.
ReplyDeleteFormed a large ascending triangle instead of the symmetrical on the 5-min chart with 20.10 resistance.
ReplyDeleteBreakout target is pointing to 21.