Last year on the 30th of August 2019, the Indonesian Government banned Nickel Exports.
The $PSEi's $NIKL went up by +50% on the next trading day.
The Philippines is China's main source of Nickel Ore.
Nickel Asia is the only one with a processing plant in Surigao compared to other Mining Companies in the exchange.
Commodities go up most of the time...
RSI not yet oversold for a bounce play
closed just below 0.786 fibonacci level
currently residing just above the area pattern support
the candlestick close of next week will determine where the direction of this stock will go