Just took another look at the monthly chart. After the Feb - April (2021) price rise (low of 5.5 cents to a high of 12.5 cents) there were three months of consolidation before the next significant price rise (low of 7 cents to a high of 22 cents, August-October 2021). Again, after these new highs were made there were another three months of consolidation followed by another significant price rise (Feb - March this year) from a low of 13 cents to a high of 24 cents.
Right now we are in our third month of consolidation since the most recent green month - so if this pattern happens to occur again - July/August should see us make that new all-time high. 30 or 40 cents per share. Maybe even more.
Hats off to whoever has been adding at these levels. Hope it rewards you handsomely.
SHP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
