Here is the stock price of ASX listed, Independence Group (IGO:ASX)  (orange line)overlaid with the Nickel price. (blue line) A fairly good correlation I’d say. With Nickel flirting with weekly Overbought levels and exhibiting  a historical stretch above its 100 and 200 week moving averages,  mean reversion is calling.  IGO’s timing and strategy of using its stock to acquire fellow … Continue reading Time for Nickel (and IGO) to pullback