Poseidon nickel limited seems ready to bounce back and good opportunity to go long.
Why should we go for long ? my prediction:
EMA 20 crossing back with 50
EMA price line still above 200
Diversion between price range and MACD
MACD crossing upward
Stochastic over sold and moving upward
Ann should be coming soon regarding recent drill.
Beware this is not the...
POS confirmed old resistance as support.
Being on an uptrend, and oversold on stochastic and MACD, it now shows signs of reversal.
I extrapolated a buy signal and trade plan.
I have taken this trade myself.
Poseidon Nickel Ltd. engages in developing and exploring nickel sulphide. The firm admit Windarra, Black Swan and the Lake Johnston nickel operations projects. The company was founded on June 24, 1993 and is headquartered in West Perth, Australia.