Chart check Nicola Mining: New three-year high after breaking out of wedge formation
The share price of the Canadian mining company Nicola Mining (WKN A14T7S / TSXV NIM) was able to double in the past 12 months and has been permanently above the 200-day line since November. Since this summer, a blue wedge formation was formed, which the price left upwards in recent days.
Both average lines have been clearly rising since December – a clear positive picture.
After a temporary low, the stochastic indicator was able to generate a chart-technical buy signal with the upward crossing of the blue line over the red line. The trend indicator is currently weakening after the steep up-move in July, but is still clearly above the 100 and thus positive. The Overbought/ Oversold indicator is approaching the overbought zone (from 2.0), but has not reached it yet. The Money Flow Index (turnover-weighted relative strength RSI) was able to rebound significantly after the strong turnover peak in July and is currently absolutely neutral at 50.
The long-term chart shows that with the current breakout, the three-year high at 0.18 Canadian dollars was overcome. It will be interesting to see whether prices will hold sustainably overcome CAD 0.20, too.
Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on http://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, however, any liability for financial loss or the content guarantee for timeliness, accuracy, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
Pursuant to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH may hold shares of Nicola Mining Inc. and therefore a conflict of interest may exist. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Under certain circumstances this can influence the respective share price of the company. GOLDINVEST Consulting GmbH currently has a commissioned relationship with the company or would like to enter into a commissioned relationship with the company, which is reported on in the context of the internet offer of GOLDINVEST Consulting GmbH as well as in the social media, on partner pages or in email messages, which also represents a conflict of interest. The above references to existing conflicts of interest apply to all types and forms of publication used by GOLDINVEST Consulting GmbH for publications on Nicola Mining Inc. We also cannot exclude that other stock letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. No guarantee can be given for the correctness of the prices mentioned in the publication.
