DISCLAIMER: I was not commissioned by any company to write about this stock review. The contents of this article are based on my own analysis and interpretation. I would recommend you to do your own analysis if you’d like to confirm the information that is presented in this article.
NICKEL ASIA CORPORATION (NIKL) Statistics
Current Share Price: PHP41.30
Technical Indicators’ Interpretations
As on October 10, 2014, 11:59AM GMT+8, NICKEL ASIA CORPORATION has ranged between PHP41.30 and PHP43.00. It’s currently at PHP41.30.
Today’s volume already outperformed yesterday’s.
NICKEL ASIA CORPORATION’s MACD shows that bears are strengthening. The MACD line is only a few points above the zero line while the signal line has completely distanced itself above the MACD line.
NICKEL ASIA CORPORATION’s DMI shows that the downward momentum is directionally stronger than the upward momentum.
Bears are strengthening, but RSI shows that NICKEL ASIA CORPORATION has not stepped into the confirmed bullish or bearish zone.
It looks like NICKEL ASIA CORPORATION is still finding its true bottom since Stochastic shows that it is 6.23 points away from the confirmed oversold zone.
When the bears are strengthening, it’s common that the selling force is stronger than the buying force. That’s the exact case on the QStick chart.
Foreign investors are the net sellers of NICKEL ASIA CORPORATION as of this writing. They’ve already sold 77.83% of the running volume of almost 2.5 million shares. Will you follow the path of the foreign investors or you’ll still with the good fundamentals of NIKL? Let me know if you need my help.
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