HAR weekly and daily charts looking very bullish ... ... both weekly and dily charts appear to be readying themselves for a breakout to the upside. Although the company is currently reviewing its portfolio of projects to determine their exploration priority and plans for the 2024 season, there are potentially two other potential catalysts that could start the rally while shareholders wait for HAR announcement.
The first catalyst and possibly the most significant is a general sentiment shift to bullish in the junior explorers. HAR has gold, cooper and lithium projects. All three metals are begining to show signs of life and are either in the process of making ATH's in the case of gold or coming off a bottom after an extended price rout for lithium. On Friday, the TSX-V closed up and touched the 200 DMA from below.If the TSX-V opens higher next week and holds the 200 DMA< it could be a signal that juniors are finally going to find some bottom fishers who are willing to step in and average down or put on intiial positions for fear of missing out on what I feel could be the mother of all bull markets for junior exploers.
The second catalyst could come from a positive update from BRW's Elrond drilling program that is currently in progress. If Elrond delivers something that could be construed as a potential major lithium discovery, then it is possible HAR joins the party due to the close proximity of its Amelaine spodumene bearing pegmatite showing which I believe is north and east of the Arwen spodumene bearing pegmatite showing at Elrond.
So potential for two external catalysts that could start to move HAR at anytime now. Sentiment seems to be changing. And BRW could update on Elrond at anytime.
If Elrond hits for BRW, then my hope is that HAR is ready to mobilize drills to the Amelaine showing once the goose break is done and we get to see for ourselves if HAR has potential for a major lithium discovery at Serpent project (Arwen showing).
And with over $6.4 million in the bank based on the corporate presentation, HAR is well funded to hit the ground running and drill as soon as the snow melts and goose hunting is behind us.
Exciting times for HAR shareholders (like myself).
Do your own due diligence first. And don't listen to me. I am a novice investor.