Hi All
SHH has been rather wild, big swings all over the place, as said before, typical performance of a spec stock, but what has impressed me, is that its held its form rather well considering the MACRO fallout with Ukraine and inflation issues, clearly 1.5c is a strong support base with 2c being strong resistance, so range bound and i suspect good FA news will be required to break it to the upside....aka NBR or Rock lodge AU results in due course.
SHH on the EW wave count is main wave 3 up, sub wave 5 up.......a bullish combination which should result in the peak of wave 1 up (3.1c LHS ) potentially being surpassed multiple times over the course of time, assuming the FA impresses........of which i have no doubt.
I will be looking for a big top up once 50 fib ( 2.26 , blue wall ) is broke to the upside......little to no resistance standing in its way after that, makes for some nice price movements......... unrestrained if good news drops and goes for a run
As another poster stated, lithium Dundas, Rock Lodge gold, NBR iron ore production ......the 3 pillars that could make SHH great in 2022.
Minimum 10c + if everything unfolds positively and MACRO doesnt go to hell.
imo
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