It sure looks like the base of the bottom forming which suggests it's wave 1,1. The first impulse wave probably started (to be confirmed) which should then have five sub-waves.
Logically the first impulse wave aims for 9.8c or so as the technical target, with three sub-waves up and two down within that move.
At a guess we then get a correction back towards 6c ... which is probably the significant key resistance:support level for the next 12 months.
It all depends on news, markets and probably even geopolitics so it's just a guess at this stage but something to remember for 12 months out - Feb '24.
Quite a nice risk:reward I expect at these prices. We'll see - 'best.
SHP Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
