NICKEL ASIA CORPORATION (NIKL) closed the market today, July 22, 2014, at PHP 34.55 per share, which is PHP2.20 or 5.99% lower than the previous trading day’s closing index of PHP36.75 (52-week high).
Bearish/Bullish/Sideways: Bearish (initiated today only)
RSI: 59.28 – still considered inexpensive
P/E: 14.40 – still considered inexpensive
Volume: Today’s volume dramatically multiplied yesterday’s volume by 385.26%.
Current Share Price: PHP 34.55
Support: PHP 33.60
Resistance: PHP 36.75
NIKL, P/E-wise and RSI-wise, is an inexpensive stock. However, a correction has been initiated as of today’s trading. Foreign investors executed a profit-taking activity, perhaps, in anticipation or preparation to the announcement of US’ June inflation rate at 8:30AM EST.
Action Plans You May Consider
If you have earned already, you may want to sell your NIKL shares as soon as the opening bell rings tomorrow. When it hits the support zone, that’s when you may want to buy new shares again.
Do you have a friend who also has NIKL in his or her stock portfolio?
Help me help your friend by sharing this on Facebook and Twitter.
Click the social media icons below.
- AskJaycee#13: Will the Stock’s Price Go Up or Down? - June 19, 2020
- AskJaycee#12: Will the Philippine Stock Exchange Index Re-enter 7,000 This Week? - June 15, 2020
- AskJaycee#11: What’s My 7-Step Advice for Stock Traders and Investors? - April 23, 2020