Mermaid Maritime: A 22% gain last week caught.. then some profit taking seen. But is the upside really Over? Price 0.141.

Just about 2 weeks back on 27 Dec 2019, we saw some really bullish actions in Mermaid Maritime with it attempting to push higher towards the 0.120 resistance..

This level was key as it had been trading below since Sept 2018, so any firm price actions above it can see the upside reversal take shape.

More importantly, there were also some signs of trend indicators pointing higher…

Pointing to a reversal from the downtrend seen since 2017 to FINALLY an upside reversal…

Hence, some upside targets were drawn.. (See what I mean below)

1^st one to 0.120 which was where we were expecting some profit taking but more importantly,

Above that key level where we can really see price closing the gap upwards towards 0.150..

That is like a 22% upside gain…. This was before anything happened on 27 Dec 2019…

When the market opened last week on Monday,

THE MOVE came… It attempted to break this 0.120 as mentioned above..

A price alert that was set previously came and we were notified at around 0.122 where I looked at the chart again, see below..

Clients were also notified by WhatsApp Broadcast of this move as it happened. (see Whatapp message below)

Target was reiterated again as it happened and we capture that very moment at 0.122 in the chart.

It was indeed some bullish price actions where buyers started to just grab fast and volume was strong too…

And with prices indeed pushing higher towards 0.150 as per our target…

Up it went by 22% as per our target drawn before it stopped and some profit taking started happening…

Fast forward to today… wanted to do a quick technical analysis again…

From the updated chart below as of today, we have been consolidating from 0.135 to 0.15 for more than a week after the profit taking seen at 0.150…

But it seems buyers are still coming out to buy on dips near 0.135…

For now, uptrend still looks ok from trend indicators but we need to see more bullish price actions above 0.150 for the next phase to come..

Where target can be to 0.170 – 0.190 next as drawn below..

So far not yet as market has been weaker again over the past few days..

Well, it may attempt to test the 0.150 resistance level again and we shall see, this stock is definitely still in my watchlist fyi.

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Mermaid Maritime: Target hit, but upside may not be over... Price 0.194, See system!

Just the beginning of Jan, we spotted some reversal signal in Mermaid Maritime when it cleared above the 0.140 level on some solid price actions…

Indicators were also showing some signs of a reversal especially with the big caps oil and gas player leading the recovery…

See what was sent out then where some upside target was drawn….

Over the past 3 weeks, it has been trading higher and hitting our target at 0.155 then 0.165 before some profit taking last week…

But just yesterday, we saw a firm push above the 0.165 and targets were revised higher to 0.190 and indeed it played out quite fast.…

Despite inner circle who was alerted, private premium community at The Monthly Forecast were notified too…


See what was sent out yesterday….. 

We may still see more strength above 0.190 still with this new support holding…

The thing is there are NO EXITS on the system yet, we had a 1ET BULLISH ENTRY SIGNAL on 2^nd Jan 2018, entry price at 0.135.

Would want to protect profits at current levels now nevertheless… 


But it may test 0.200 to push higher soon too…. Let’s see…

See system signal below which inner circle members have accessed to…

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Mermaid Maritime: Actions started as spotted, next target on track... Price 0.146

Just 2 weeks back, inner circle was alerted to some positive price actions in Mermaid when we spotted something interesting above 0.135….

It was then at above 0.138 and a chart was quickly pulled out and some targets were drawn…

We actually saw something which could actually suggest a reversal taking shape in the short term..

See what I mean below..

For illustration purpose only

After a little consolidation last week…seems like we are indeed heading towards our first target at 0.150 today…

Hopefully more upside can happen if this level gets out of the way too with something that we are looking for…

Still not seeing any exits on the system…. at least for now…

yes we did had a bullish signal recently… Thanks to inner circle members for the heads up… J

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Mermaid Maritime: Uptrend intact above 0.200, but let's see what the system says, price 0.235

We have been following Mermaid over the past 1 month (see emails below), seeing it trade upwards gradually with several email notification….

Over past few days, we have seen it broke above the 0.200 psychological level seems to be holding above strongly.

Seeing some actions again today with it trying to push higher above the temp consolidation resistance at 0.235..

Some support at 0.22 for now, we can expect more strength as long as this higher support holds for now.

From the system, we have an Bullish entry signal in Nov 2016 with an exit.

Then after that we have more bullish entry signals to ride the upside again. 1 signal came just a few days back……

No exits on previous BULLISH SIGNALS. Shhhh….

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For illustration purpose only

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Recent Email:

Sent: Wednesday, February 08, 2017 9:42 AM
Subject: ****** Mermaid Maritime: Seeing some ACTIONS abovee 0.200 now, could mean something, price 0.21

Sent: Thursday, January 19, 2017 4:37 PM
Subject: ******* Mermaid Maritime: back to 0.200 and seeing some profit taking now, price 0.199

Sent: Wednesday, January 11, 2017 9:33 AM
Subject: ******** Mermaid Maritime: Facing some resistance at 0.200 for now, price 0.190

Sent: Thursday, January 05, 2017 12:48 PM
Subject: ********* Mermaid Maritime: Pushing higher above 0.180 on momentum, price 0.181

Sent: Wednesday, November 30, 2016 9:53 AM
Subject: ******* Mermaid Maritime: Next resistance at 0.150 is key for now, price 0.147

For illustration purpose only

Mermaid Maritime: Back to 0.200 and seeing some profit taking now, price 0.199, Next Massive Up move coming again?

After consolidating from 0.180 to 0.200 for about 2 weeks, finally today….

We are seeing some actions with it attempting a move above 0.200 again.

Still need more confirmation for the upside to continue but indicators are looking strong.

We are still seeing selling pressure near 0.200 for now as mentioned so would also be good to lock in some profits for those who have accumulated previously. Congrats.

Anyway, from the system, as per chart seen below, is there an exit after the most recent Bullish ENTRY SIGNAL ON 4^TH JAN 2017 ?

PTI grads can check J

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Recent Email:

Sent: Wednesday, January 11, 2017 9:33 AM
Subject: ******** Mermaid Maritime: Facing some resistance at 0.200 for now, price 0.190

Sent: Thursday, January 05, 2017 12:48 PM
Subject: ********* Mermaid Maritime: Pushing higher above 0.180 on momentum, price 0.181

From my system, we actually had an ENTRY SIGNAL ON 10 NOV 2016, ENTRY PRICE 0.125, and there was an EXIT. Another entry and then a boom again... PTI Graduates congrats on riding.

For illustration purpose only

Sent: Wednesday, November 30, 2016 9:53 AM
Subject: ******* Mermaid Maritime: Next resistance at 0.150 is key for now, price 0.147

For illustration purpose only

Mermaid Maritime: Pushing higher above 0.180 on momentum, price 0.181, Another entry signal?

Following up from previous call last year, we have seen Mermaid consolidated briefly below the 0.160 level before breaking higher.

Uptrend still intact as mentioned with more room to go towards 0.190 then 0.200 now.

Has crossed above the 0.160 – 0.164 key resistances over the past few days and inching higher.

Today, we have seen the 0.180 level giving way too with buyers still pushing, a short term positive above.

Those still holding long please raise SL to protect profits and continue to ride. MACD has also staged a crossover in positive territory.

From my system, we actually had an ENTRY SIGNAL ON 10 NOV 2016, ENTRY PRICE 0.125, and there was an EXIT.

Another entry and then a boom again... PTI Graduates congrats on riding.

For illustration purpose only

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Recent Email:

Sent: Wednesday, November 30, 2016 9:53 AM
Subject: ******* Mermaid Maritime: Next resistance at 0.150 is key for now, price 0.147

We started to see some actions in Mermaid yesterday with a move above 0.140. Today, it has tried to attempt a breakout above 0.150 but so far not able too. Moving averages are starting to converge and in the process of reversing with a positive crossover in the cards. Any firm move above 0.150 can see the upside continue with target to 0.160 then 0.170 first. It has managed to maintain above the 200 day MA after breaking above it last month for the first time since more than 2 years ago which can indicator that longer term trend is starting to reverse upwards. Should see some support from 0.144 – 0.145 now

For illustration purpose only