Strong indicators see a bullish convergence for SYH.v. Skyharbour Resources (TSXV: SYH) shares are showing extremely promising indicators that further bullish price action is imminent.
As SP sees a healthy correction on its newly established bullish trajectory, the 50MA has officially entered into a bullish inflection. On top of this, the CM SlingShot indicator band has narrowed into an inflection point after bullishly crossing the 50 MA, and will soon yield a buy signal.
This conjunction of bullish indicators, paired with a recent rebound from historic support at ~$.32 and a bullish retest of the 50MA, shows me that SYH SP is more than likely going to retest decade highs of $.81.
The company is fully cashed up to progress exploration at the East Preston Uranium Project this Fall/Winter after raising $3.5 million via PP in late August. Drills are expected to start turning in January 2023, with mobilization to begin later this year.
SYH.v is currently trading at $.49, valued at $69.83 million.
https://ceo.ca/@globenewswire/skyharbour-closes-350-million-private-placement-of