NICKEL ASIA CORPORATION (NIKL): 07.22.2014 Performance Review

Stock Analysis -

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).

NICKEL ASIA CORPORATION (NIKL): 07.22.2014 Performance Review

NIKL Stats

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.

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Jaycee De Guzman

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