SHMP Stock Ready For The Next Move Up?
Recent SHMP Stock Chart & Stock Price Activity
It's really hard to believe that this stock was trading at under a penny as recent as December 20th 2018, but it's true, it was! On December 20th 2018 this stock opened at .0110 hitting the high of .0128 closing at .0094. Yes, two zeros, 0-0-9-4. That's a 4846% GAIN in just two and a half months at the current price of .4650!
From what I can see on the stock chart, it all really started around January 18th 2019 when the volume became more steady and the stock price began to climb. On January 18th SHMP stock opened at .02 hitting the high of .0250, low of .0195 and closing the day at .0234 price per share.
Since January SHMP's stock price has been making much bigger moves. If fact, the stock price rode the upper Bollinger Band of the chart for 17 consecutive days straight, which was very impressive. Even staying above the 10,20,30 day SMA (simple moving average) the entire time.
SHMP Stock Price Drop
On February 12th SHMP's PPS (price per share) had a big price drop when the stock opened at an all time high of 0.9460 and closed at 0.5245. Unfortunately for investors and traders, that was a 37% decrease in one day. Now, if we calculate that .0094 low to the high on this day .9490 that's a 9995% INCREASE! Just shy of the BIG 10,000%, but we can call it that! Close enough in my books! In my opinion people took profits. After the drop on the 12th February 13th seen a smaller drop. Then on February 14th the stock opened even lower at .2341, but began to rally back and closed at .3220. From there the 10 simple moving average became somewhat of a resistance and the 20 sma became a solid support level.
NaturalShrimp Inc. Stock Price Moving Forward
SHMP closed today at .4650 just above the 10 simple moving average (.4622) with the 20 sma (.4362) directly below it. In my opinion, with steady volume tomorrow, this stock could rally once again proving that the 20 day sma is solid support. I'm not one to hype stocks or being paid to do this, but I believe this could really move from here. There's not much resistance levels above .48 with only 5 candle sticks.
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