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Mermaid Maritime
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Mermaid
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Bintang
Elite |
16-May-2009 15:23
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200 lots |
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freeme
Elite |
16-May-2009 15:21
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wah u create a new mermaid thread everyday sia.. u holding how many lots here? |
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Bintang
Elite |
16-May-2009 15:15
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As I posted a few days ago, mermaid was 43 cents. Friday's closing price was 56 cents, the intra-day high was 64 cents. But it retreated to close at its lowest level. Some investors might have lost confidence, but to me, the correction may come sooner or later. It is healthy to have such correction. The short term supporting point is at 49 cents. After the correction, the price may advance to 94 cents in the medium term. So that is to cover the 80 cents gap which was created during the sharp falling months ago. This is also the position of the neckline of a big inverted head and shoulder pattern. |
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