Many positive on the TA side...
Don’t want to sound too optimistic guys, but look at this chart and see how we been moving since few months on any spike up. We saw a pull much lower each time now we move into a consolidation path.... The answer is near, but the risk is there too!
Dly Chart: https://stockcharts.com/h-sc/ui?s=SFF.V&p=D&yr=0&mn=6&dy=0&id=p10534242254
See from the low .21¢ in May… we did a spike up testing the .335¢ (for the 1st time), followed by a pull to low again of .21¢ in June (here we are doing a double bottom) (+++). From there we move back up testing .32¢, again followed by a pull to new low .23 (higher low)(+++), and from there bouncing again higher .335¢ again testing for a 2nd time (sometime needed several test) on June 23rd… I can see a «««higher high and higher low pattern»»» (+++) in place…
From there we start moving into a sideway trend (+++) till now… or a consolidation path and into this trading range… low .295¢ to high .325¢. To me its sound still positive because the pulling didn’t occur and building a new solid base (either building a new support or best a strong resistance)... Some good ind & osc were in the overbought zone after the last spike up… (So need to cool down a little before a next move) for me a sideway trend is the best scenario to cool down… when we reach the overbought zone. The waiting game… is on…
Now stay tune the next move will show the direction... It’s not without any risk at this level because we could from there go in any direction… The waiting game is on and good volume means something is going on still… accumulation or dumping! Accumulation keeps high since we spike up in last November… (+++)
Adding to the positive: We are working into an ascending triangle pattern (+++) since the low in June till now with neckline to break above .34¢ - .35¢… we just tested the .35¢ … (1st)… this week (+++).
But remember this scenario could end up going in the wrong direction too. But we are at the risk reward zone… but I see more positive signs than negative even with the SP testing the low .295¢ yesterday… if I remember ok we test our high .35¢ on the worst day on the market…
We are getting closer to the answer now… with some flirting with the buy zone … actual more neutral still…
Dly chart: https://stockcharts.com/h-sc/ui?s=SFF.V&p=D&yr=0&mn=6&dy=0&id=p17114078866
Hope this help a little…
But again it’s just my TA reading… So please always DYODD!
And good luck to us all!
Fratzy!