Mermaid Maritime had a very nice breaking out of 16.4 cents on 4th Jan 2017 + couple with high volume this this rather positive.
The current price of 18.6 cents is staying above the SMA lines which is generally rather bullish/positive.
Also both Macd & Rsi are still rising which may likely provide further indication that the share price may continue to trend higher.
Short term wise, I think it may move up to re-test the recent high of 19.2 cents. Crossing over of 19.2 cents with good volume that may propel to drive the share price higher towards 20 / 20.5 cents with extension to 25.5 cents.
( trade base on your own decision)
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