$FNI: What Does The Chart Tell Us?

$FNI: What Does The Chart Tell Us? $FNI as of 15 April 2016 closed at 0.88.  In a bigger time-frame, the stock forms a descending triangle. “The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the…

Technical Analysis of FNI & URC as of 16 June 2015

Global Ferronickel Holdings, Inc. (PSE:FNI) FNI last traded price as of June 16, 2015 is 1.71.  Based on daily chart, short term trend is bullish as per ichimoku elements.  The critical resistance levels that FNI need to break are the 38.2% fibonacci at 1.90 and 50% fibo at 2.10. However, there are also support-turned resistance…

Stock In Focus: $FNI, $PSPC & $BEL as of 18 May 2015

Here’s the stock in focus: GLOBAL FERRONICKEL HOLDINGS INC (FNI) Global Ferronickel Holdings Inc (PSE:FNI) is in a trading range between 1.80 to 1.92. This is supported by its RSI which is neither oversold nor overbought and ADX which is chopping around sideways. Considering that short and midterm trend is still bearish as per ichimoku…

Stock in focus: $IMI, $FNI and $IS

IMI price action as of 17 February 2015 has climbed so fast.  Let’s see the price action if pivot point near 7.11 is broken.  Do we expect these resistances to be broken located near 7.31, 7.42, 7.72 and 7.82? Fundamentally, $IMI even at 7.82 is still cheap if we compare average P/E of global peers…

Technical Analysis: $PLC & $FNI as of 2 Feb 2015

Chart courtesy of ChartNexus Where is PLC heading in a short term?  Based on the above chart, there is a major breakdown of support at 1.88.  In the actual traded prices, PLC resistance at 1.80 and 1.82.  It is currently in a bearish trend but needs to observe if the price action will hold at…