INCO Elliott Wave Count

٩ فبراير ٢٠٢٤

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.

١٢ فبراير ٢٠٢٤

ملاحظة

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

١٦ فبراير ٢٠٢٤

ملاحظة

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.