SUH's Rising Channel on Weekly Chart: Eyeing 6¢ by June Amid Lla
Eyeing Southern Hemisphere Mining Limited (ASX:SUH) on the charts? The one-day view shows price trading firmly within a rising channel bounded by green trendlines—a bullish pattern signaling higher highs and lows with solid support holding steady. Recent consolidation near the lower channel line (around 3¢) on healthy volume suggests accumulation ahead of a potential breakout, supported by director buying and project catalysts.
Fundamentally, SUH's Llahuin Copper-Gold-Moly Project in Chile is firing on all cylinders: JV partner FMR Resources commenced drilling at the high-priority Southern Porphyry Target (Target K) in February 2026, building on refined targets from surveying activities and strong surface alteration evidence for a large porphyry system. The 2024 RC program delivered promising intercepts over a 2.2km strike, with diamond drilling extensions planned for Q1-Q2 2026 to probe deeper zones—perfect timing for copper demand amid global supply shifts.
Target: 6¢ by approx. June 2026, aligning with upper channel projections if momentum from drilling results and resource updates materialises. Watch for volume surge on breakout—position accordingly!
Fundamentally, SUH's Llahuin Copper-Gold-Moly Project in Chile is firing on all cylinders: JV partner FMR Resources commenced drilling at the high-priority Southern Porphyry Target (Target K) in February 2026, building on refined targets from surveying activities and strong surface alteration evidence for a large porphyry system. The 2024 RC program delivered promising intercepts over a 2.2km strike, with diamond drilling extensions planned for Q1-Q2 2026 to probe deeper zones—perfect timing for copper demand amid global supply shifts.
Target: 6¢ by approx. June 2026, aligning with upper channel projections if momentum from drilling results and resource updates materialises. Watch for volume surge on breakout—position accordingly!
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.