
HUSIF getting oversold here, low 0.5s looking interesting
Nicola Mining has been a laggard all year down around 20% YTD but finally getting close to a level where the risk/reward starts improving.
RSI around 33 says it’s getting washed out and the low-to-mid $0.50s looks like the real short-term buy zone to me. Volume still light so this isnt a momentum setup yet. But more of a watch for news and watch for buyers type of chart.
They do have still real assets behind it with the Merritt Mill fresh drilling at New Craigmont, and the recent Nasdaq financing, so any positive update could wake this up quickly. But until volume confirms, I’d keep it as a support trade, not a trend trade