Mermaid Maritime Plc

[crabcrab]

Mermaid ($0.36) - Mermaid has currently reached resistance level, as mentioned in the earlier post. There is sign of attempt to breakout above $0.375 recently, but failed. Technically, it is currently at the multi-month core breakout point/resistance level and it is poised to breakout at anytime following with a flat double-bottomed pattern. Chart seems to show bullishness in the near term. A breakout from the current level indicate a target of more than $0.50 level. What cause the breakout may probably be the anticipation of announcement of a good set full year results that is coming somewhere in the next 2 -3 weeks. (Caverat Emptor)