NMM continuation pattern
NMM has been in a pronounced uptrend since November 2016. It has held to and bounced off of the general trend line shown in solid green. I bought at $2.10 and plan to hold until $2.60+. After three days of gains in a row, NMM may ease tomorrow, but continue the uptrend towards resistance around $2.60. The level between $2.50-$2.70 represents relatively strong resistance as the stock hasn't consistently been at this level since January 2016, falling from that level every time it's reached it in the last year. The general trend, combined with a bullish MACD crossover, and a rising RSI make this a decent play. The only concern is the somewhat light volume, but this should increase if we see another push for the $2.60 level.
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