Another nickel-related stock. Earnings wise is quite good compared to MBMA. PE < 10, PBV is still quite expensive.
It's very interesting since NCKL's management has set the MHP (Mixed Hydroxide Precipitate), EV battery raw ingredient production to double in 2024. Earnings will get significant boost due to this. Nevertheless, we have to pay attention to nickel price since it has fallen for quite some time.
I think it will bottom somewhere in 500-600-ish range. Stay tuned.
It's very interesting since NCKL's management has set the MHP (Mixed Hydroxide Precipitate), EV battery raw ingredient production to double in 2024. Earnings will get significant boost due to this. Nevertheless, we have to pay attention to nickel price since it has fallen for quite some time.
I think it will bottom somewhere in 500-600-ish range. Stay tuned.
Order cancelled:
Today's move invalidated the 4th wave rule. Go to my other NCKL post to see the updated chart. Thanks