INCO Elliott Wave Count

2024年2月9日

2023 was a bad year for INCO, and it I think it will continue being depressed for 2024 given the oversupply nickel condition.

I will make an entry after the (v) wave of the third wave ends. Wave 5 is gonna end somewhere around the 2000 level I believe.

2024年2月12日

注释

Wave (iv) of the third wave has commenced. Let's see how far it can rebound. Trend is still down.

2024年2月16日

注释

Wave (iv) of the third wave might be done. Vale Canada Limited and Sumitomo Metal Mining Co., Ltd will divest 14% of their INCO shares to the Indonesian Government represented by MIND ID. The agreed price was reported to be Rp.3070/share.

INCO might end its third wave there.