The picture for SHE is complicated. We are in the middle of a CR, change of company business model, renaming and relisting. The macro market is in a sell off particularly for resource stocks. You are correct there is clearly a head and shoulders pattern where we would normally be waiting for either a throwback on increasing volume which is the buy signal or signs of SHE entering new lows from the right shoulder on increased volume which is the sell signal. I see low selling volumes at the moment and am hoping for a throwback coming up to relisting, however the macro market could mess this up!
All IMO.
Regards,
Chilloutman
SHE Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held