Mermaid Maritime?

After a few years of abstenance from the stock market, I am amazed to see very interesting companies' name. Mermaid Maritime is one of them. Mermaid?

Apparently this company was first listed in 2007, the year after I stopped my activites. Unfortunately, it met with the market downturn and have not recover to its highest peak.

Another interesting phenomenon evidence on this chart is that it has created a double bottom between early 2011 till end 2012. OIne would expect a 2 years base building should be good enough for a reversal signal, but it has to fail!

I took notice of this counter today when it was highlighted on the top active list. This counter broke the neckline and retraced back down and now it is testing the neckline again and for this week it tried penetrating upward but stopped by the neckline.

It seems to me that the neck line is strong enough to defend its position. But I think for the next 2 weeks, Mermaid should be able to break this resistance to move upward. However, I think the window it has is the next 2 weeks as the RSI has escalated above 50%., next 2 weeks should bring it up to the top mark and ready for a reversal.