The Responsible Trader

STOCK CHARTS AND ANALYSIS – NIKL

In accordance with our Independence Day commitment, following is our Technical Analysis of  NIKL (NICKEL ASIA CORPORATION) as of July 7, 2015.

This is the second of our THREE for FREE for this week.

 

 

 

TA – The Responsible Trader’s Way – No Hyping, No Bashing Just Plain Cold Facts.

 

Positive
1.   None

Negative
1.   Recent price action below 15 EMA and 20 SMA.  Recent price action below15 EMA and 20 SMA indicates that the stock is Bearish on the Short Term.

2.   Recent price action below 50 SMA.  Recent price action below 50 SMA indicates that the stock is Bearish on the Medium Term

3.  Recent price action below 200SMA.  Recent price action below 200 SMA confirms that the stock is now in Bear territory.

4.  MACD on Dead Cross. MACD has crossed below signal line and both are below zero line with the histogram increasing. This indicates a strong downtrend.

5.  Falling RSI.   The falling RSI confirms a strong downtrend although it is now approaching the oversold level.

6.  The stock needs to stay above P24.34 (38.2% Fibo level) to avert prices from further falling back to P19.07.

 

 

NOTE: Positive points are things that could work in your favor. Negative points are things that you have to watch out for.
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.

 

Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

 

Good luck on all your trades.