SHMP trade ideas
SHMP LongSHMP has recently gained support and might retest the level marked on this chart. If it does, I expect it to rebound and then push back previous local high to next resistance level on daily chart.
Wave 5(E) for SHMPSHMP has been respecting a really nice channel. Bounced off the 50EMA to complete its wave 4 and retook the 21EMA on friday. Looking to bounce upwards with a PT over 1.00.
breakout !!! can u say BUBBA!it has been forming a bull pennant. today it managed to stay above the breakout. no wall from here. target $1
Sureshot? SHMP falling wedge to 150% ? #OTCMarkets #OTCBB #OTCQBSHMP appears to be operating in a lovely falling wedge that will likely be coming to it's end at the end of August . Sounds like a perfect late Summer setup for a 100% or more rise ? Looking at it's previous rises it has a similar appearance . Right now it's at .045 and I'd expect it to continue down this falling wedge pattern to probably .025 give or take . My target if it then goes up would be at least that local .618 fib near .0645 which would be 150% approx . but I'm no math expert ! and you should dyor - do your own research . Also I like eating shrimp ( and this is a shrimp company ! )
I would also expect a TD Seq 9 in red to be hit on the 6hr chart ( though we could definitely hit those on the 4hr or 1 day or other timeframe also . )
And the rsi 6hr should be below 30 before this is looking like a buy imo .
Keep in mind there is a Gann Fan here that could also see this go to 10 , 12 , or 15 cents but that would be a lot ! Let's keep an eye on this.
I've got Trading View alert set for 4hr rsi crossing down 30 just so I don't miss it .
Thank you .
$SHMP Downturn Imminent.Natural Shrimp has had a good run for an OTC commodity but, all good things must come to an end. Although, I do believe this to only be temporary and we will see SHMP back in the fray soon enough.
It looks like we are coming into a corrective zone which may end up being the end of the line for SHMP. The first sign of selling pressure and this thing is going down.
looking at the RSI on the hourly we may be seeing some slight Bearish Divergence. Along with the Cumulative Volume Index beginning to weaken early in the day on the previous trading period may be the tell signs that this one has run its course.
Congrats to those who jumped on this in late January!
SHMP IdeaOTC:SHMP
If SHMP can break to new highs, then I will be looking for a reaction at the yellow and blue horizontal lines.
My EW counts have the recent high as either the 3rd or 5th Wave.
Let's see how this plays out.
The yellow lines represent a .618 and .65 fib level.
The blue line is another fib level of interest.
If SHMP does not break to new highs then look below.
SHMP TargetOTC:SHMP
SHMP could be working on the 4th Wave.
If so, the 5th Wave could reach the green shaded area before retracing.
SHMP IdeaI have done no research on SHMP. Here is an Idea.
Let's see if SHMP can hit the Green box before pulling back to the current price evel region.
Original stop would be before the recent lows on the Daily.
