Chalice making Lower Highs & Lower Lows

As I’m calling for lower prices across selected commodities over the next 6-10 months, the stock price of ASX listed Gold, Nickel & Copper explorer, Chalice Mining (CHN) seems further susceptible even following a 30% decline from its late May 2021 $9.34 high.

Today, the stock price is $6.35 which gives its a market capitalisation of A$2.33 billion.

Lately, it’s making lower highs and lower lows with an important support level nearing.

See my chart below.

August 13, 2021
by Rob Zdravevski
rob@robzdravevski