Recently Navios Maritime Midstream ( NNA
) shares have been gaining some bullish
momentum since the stock formed bullish divergence
pattern at the bottom of declining channel. The session before yesterday gave another indication when the price had broken out of the ellipse and risen above the median line
of the channel.
We would project the price to go up at least 10 % to 13 % to reach the upper boundary of the channel as the first target. However the stock has every chance to pierce up and reach its support at $2.4.
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