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[SG Stock] Strong Momentum: Mermaid Maritime

Mermaid Maritime PCL's share price action suggests that this uptrend is likely to continue bullishly.

In this article, we will focus on Mermaid Maritime PCL (SGX: DU4), whose share price movement indicates that the uptrend is likely to continue to be bullish。Here are some key highlights of the technical report:

Mermaid Maritime PCL is a company providing drilling and subsea engineering services to the offshore oil and gas industry.

  • Market positioning: "technology buy".
  • Entry price and support level: SGD 0.143, SGD 0.135, SGD 0.120; with support levels at SGD 0.150, SGD 0.180.
  • Stop Loss Price: SGD 0.113, with resistance levels at SGD 0.150, SGD 0.180.
  • Target price: SGD 0.155, SGD 0.170, SGD 0.180, SGD 0.193.

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