Hi pencilin,
can not assist with PEM have not even looked at the chart.
I confirm that high volume day (on the 18/12) was a key reversal day, and if Ni bounces off the support then KZL is in the early stage of breaking out (yes bit to early to call but such is life). Some fundamental news would assist the breakout
Two charts below:
1. Daily KZL - showing resistance up to $1.15.
2.