Exec Summary
SHP has pushed through 19.5c resistance, on the highest weekly volume since early 2021. In my opinion, it is highly likely that the 19.5c level will now become strong support. After a half-year range-trading between 13c and 17c, we are now welcoming SHP to the 20s and beyond.
Fundamentals
Occasionally, macro & company developments align in a...
Moving average ribbons are a series of moving averages (MA) of different lengths that are plotted on the same chart to create a ribbon-like indicator.
Traders can determine the strength of a trend by looking at the distance between the moving averages, as well as identify key areas of support or resistance by looking at the price in relation to the ribbon. The...
