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!
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!
Comment:
If this breaks the 50% Fib this is going down fast. I do see a scenario where we can have a nice upturn as we are enter the oversold are on the RSI but that is dependent upon volume returning. The CVI is also deceptive; whereas it may look like volume is returning it is actually going to peak here and turn downward as has already happened multiple times over the past 5 days.
Comment:
