Skyharbour Resources Ltd. is a uranium and thorium exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Saskatchewan, Canada. Its flagship project is the Moore Uranium project located on the eastern portion of the Athabasca Basin. The company was founded on January 7, 1969 and is headquartered in Vancouver, Canada.
Does this trendline hold or is it different this time?
Monthly set up, potential break of consolidation.
With massive amounts of supply coming off the market especially with Cameco just announcing a sustained shutdown in 2 of its large mines the Uranium market is severely depressed and supply demand issues will start to rear there head soon. SYH showing near completion of an Asymmetrical triangle on the weekly chart.
Weekly chart here showing tightening range on consolidation. Long over 0.485