{kanada_flagge}The six-month chart for Nicola Mining (WKN A14T7S / TSXV NIM) shows a steady upward movement above the blue trend line, which was stable enough to end the dive below the 100-day line during the last five weeks. Currently, the price is trading at the yearly high of 0.175 Canadian dollars after the recent upward movement.
{kanada_flagge}The six-month chart for Nicola Mining (WKN A14T7S / TSXV NIM) shows a steady upward movement above the blue trend line, which was stable enough to end the dive below the 100-day line during the last five weeks. Currently, the price is trading at the yearly high of 0.175 Canadian dollars after the recent upward movement.
Both average lines continue to rise and the 100 day line is trading above the 200 day line – these two could hardly be better.
The two trend-related indicators, MACD and trend confirmers, recently generated a chart-technical buy signal (the blue line crosses the red line upwards or overcomes the neutral 100). The Overbought/ Oversold indicator recently reached the overbought zone at 2.0, but then fell back significantly and is currently trading in positive normal territory. The Chaikin Money Flow indicated during the phase below the 100 day line by the course in the red area capital outflow – this is now finished and it already quotes again slightly in the green zone – capital inflow.
Source: Comdirect
In the 10-year view, several relevant facts can be named:
+ slightly rising green trend line (exception Corona crash)
+ three falling trend lines (orange, red, blue) with different time horizons have been clearly overcome (violet circles)
+ light blue trend channel, which has existed since the beginning of 2022, remains intact
+ overcoming the two tops from 2020 and 2021 as well as the round mark of 0.20 CAD would open a chart-technical potential up to the tops from 2016 and 2017 (just below 0.30 CAD).
Source: Comdirect
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