Mermaid Maritime    Last:0.103    -0.002

Mermaid

Mermaid finally close up the gap at 56.5 cents , it may take a break before going up further .

 

Today mermaid ' s volume will sure to exceed the volume of the day when it made new high at 64 cents . That day volume was 3003 .

 

I am a newbie, is it still a good timing to enter into this counter ? Many thanks

 

Compare to Ezra n Ezion , Mermaid is still under value .

 

starting to make a move already

 

47 +1.618 {64- ( 64-19 )x38.2%} = 1.23

 

Thanks for the info will, Hope both of u r right mermaid will move sooner or later.

 

Not so sure my learning is correct or not, by using Fibonacci line, measure from the low 0.33 (A) to high 0.64 (B)  the retreat is 50% at 0.49 (C), by Fibonacci theory, rebound from 38% 50% or 62%, the extended target (D) could be 162% and if rebound from 79% the extended target  is 127% . As far as Mermaid is concerned, that means it may rebound :

 0.64 x 1.618 =1.03 (D, expected target)  Fibonacci A,B,C and D curve

Correct me if this calculation is wrong. Just for learning and discussion purpose, vested and taken profit and then re-entry again at 0.53 not induce a call for buy, hold or sell.

 

 

I compared again the charts of mermaid and swiber ,their charts are about the same .In swiber 's chart ,the price had surged across the 10 day MA with high volume , at the same time ,the price pushed the Bollinger band to expand .This is the character of any stock going into another phase of the bull run after the minor correction .In swiber 's case ,all the long term indicators are showing bullish signs . Not only mermaid but also other oil and gas counters have the same pattern , sooner or later they might also start to move north .

 

All  the oil n gas stocks are moving up today because of   SPC  , if the volume of mermaid  today is more than that of last Friday , the price will soon go up n will close up the gap at 56.5 cents .

 

Today this mermaid still sleeping with low vol. Any advise on this stock?

 

Ezra is showing some signs of weakness due to its placement recently .If the demand in oil n gas is still strong , this counter will perform very well . Once the correction is over , if it can break $ 1.35 with high volume , it could reach the target of  $ 1.75 .

 

What about EZRA?

Bintang      ( Date: 24-May-2009 14:42) Posted: I have just compared  the charts of EZION and MERMAID ,both have almost the similar business ,but with the good fundamental ,mermaid does not performance as good as ezion in term of share price .Ezion is now very over bought and its momentum is overstretched , therefore , mermaid is still in its early stage of the bull run ,it is the time to accumulate .

 

I have just compared  the charts of EZION and MERMAID ,both have almost the similar business ,but with the good fundamental ,mermaid does not performance as good as ezion in term of share price .Ezion is now very over bought and its momentum is overstretched , therefore , mermaid is still in its early stage of the bull run ,it is the time to accumulate .

 

THE EDGE SINGAPORE  pg.  pw 3: Stocks are still in an uptrend despite recent correction .

 

Mermaid is on its up trend position , the first time it made new high at 42.5 cts ,then pulled back to 33.5 cts .The second time it broke new high at 49.5 cts ,then pulled back to 43 cts .The third time it broke another new high at 64 cts ,then pulled back to 47 cts . Can  you imagine the trend now ? Is it on its up trend ? What is the next target ?

 

me also tink tis is d 1st phase of bull run.

 

Nobody believes the bull market has begun , so many people cut losses  n take cover while the market take a major correction .They may at the same time throw away their good stocks which bought early at low price .My advice is not to unload your holdings at the first phase of the bull market .

 

Yes , I agree with u , but we must buy when people selling ,and sell when they are buying .

 

i tink offshare will stop rally for nw, its a shift of play, now property's turn