Update for Mermaid Offshore Services 08h Feb 2014 - Mermaid seems to have bounced off from the low of 45 cents on 30 Jan 2014 and had managed to move up higher to close at 49 cents yesterday (7th Feb 2014). High chance that it may move up to test 51.5 cents soon. Breaking out of 51.5 cents with high volume that may propel to drive the share prices higher towards 55 cents.
(trade base on your own decision)
Update for Mermaid Offshore Services 6th Jan 2014 - Mermaid breakout of 50.5 cents on 2 Jan 2014 which is very positive move for the momentum for the stock prices to go higher. On 3 Jan it went up to a high of 55 cents and closed at 53 cents. Yesterday closing price unchanged at 53 cents with little price fluctuation + the volume is also not high . Looking good for it to clear 55 cents and move up to 60 cents soon.
(trade base on your own decision)
Mermaid Offshore Services Ltd(MOS),a subsidiary of Mermaid Maritime Public Company Ltd (Mermaid), has been awarded a sub-sea construction support services contract with an estimated
(trade base on your own decision)
Update for Mermaid Offshore Services 6th Jan 2014 - Mermaid breakout of 50.5 cents on 2 Jan 2014 which is very positive move for the momentum for the stock prices to go higher. On 3 Jan it went up to a high of 55 cents and closed at 53 cents. Yesterday closing price unchanged at 53 cents with little price fluctuation + the volume is also not high . Looking good for it to clear 55 cents and move up to 60 cents soon.
(trade base on your own decision)
Mermaid Offshore Services Ltd(MOS),a subsidiary of Mermaid Maritime Public Company Ltd (Mermaid), has been awarded a sub-sea construction support services contract with an estimated
value of US$32mil. The contract is slated to start in May 2014 for a term of almost 200days.This is the ninth year that Mermaid has secured this role, which includes operation for the customer to extend the contract for two additonal campaign years.(quote from Amfraser)
Mermaid from chartwise is looking very positive. This is one of the uptrend momentum stock of which most of the indicator such as MACD,RSI & Stochastic are pointing upwards.
The MAs are also trending nicely upwards.
Wait for the price to retreat a little bit and enter when the right signal is triggered/confirmation .
(Trade base on your own decision)
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