SHIP shares appear to just be tracing a lateral range. But a closer look suggests an important base has been established and the former bear trend has died a quiet death with new accumulation underway.The trendline is busted and the base was built off a 3-step bullish RSI divergence.
Note: more than a third of the small float is held short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.