About Me

Passionate about the markets and Technical Analysis. The learning never stops!

Monday, February 13, 2017

Mermaid Martime


Mermaid Maritime is now clearly in Stage 2 (uptrend).  It first broke out of a base at 0.14 in early Dec 2016 and has been steadily climbing since.   You might want to watch this stock and see if it can pull back a little before jumping on board.   There is support around 0.200.

p/s a stock that drops back below "support" usually means bad news and time to cut loss.

No comments:

Post a Comment

Bulls are back!

The US markets declined pretty sharply on 13th December last year but 2 weeks later it hit into a longer term support and started to rebo...