{"id":327784,"date":"2024-05-08T06:12:00","date_gmt":"2024-05-07T22:12:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=327784"},"modified":"2024-05-08T09:05:45","modified_gmt":"2024-05-08T01:05:45","slug":"technicals-talk-nickel-asia-corp-nikl-8-may-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-nickel-asia-corp-nikl-8-may-2024-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Nickel Asia Corp. (NIKL) – 8 May 2024 by Regina Capital Development Corp."},"content":{"rendered":"
\n
\"\"<\/figure><\/div>\n\n\n
<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>NIKL<\/td><\/tr>
Company Name<\/strong><\/td>Nickel Asia Corporation<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>8 May 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 3.80<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 4.35<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

NIKL is currently exhibiting signs of bullish momentum. <\/p>\n\n\n\n

With the RSI showing a sharp uptick from neutral regions at 57.54 and a positive crossover in MACD with high levels, the stock appears to have strong buying pressure. <\/p>\n\n\n\n

However, it’s worth noting that the price is currently trading below all moving averages, indicating a potential vulnerability. Despite this, the stock is consolidating upwards and is now tangent to the 50-MA, suggesting potential for further gains. <\/p>\n\n\n\n

In the short term, traders could capitalize on the upward momentum and bullishness by taking long positions, aiming for quick gains as the price continues to rise. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

Sell on rallies.<\/p>\n\n\n\n

Weekly target: 4.30.<\/p>\n\n\n\n

Support: 3.80.<\/p>\n\n\n\n

Resistance: 4.35.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

NIKL is currently exhibiting signs of bullish momentum. <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-327784","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=327784"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327784\/revisions"}],"predecessor-version":[{"id":327787,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327784\/revisions\/327787"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=327784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=327784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=327784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}