NIKL Divergence

Nickel stocks plummet when news about Indonesia easing their export ban came out. This is how NIKL looks like several days after. A Bullish Divergence was spotted at the closing yesterday.

2017-01-25_004855.png

  1. Both RSI14 and RSI30 shows Bullish Divergence
  2. Bounced at 50% of Fibonacci
  3. Resistances at:
    7.06
    7.69
    8.51
  4. Supports at:
    6.44 (50% Fibo of bigger wave)
    6.39 (Low of DARVAS)
    6.19  (Weekly SMA50 )

ENTRY at 7.06 breakout from DARVAS
Set tight STOPLOSS at -2% to 4%

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