-Price trending downward for last year -Price is bouncing off resistance -Will hit 52 week low again
The correction could be over or 'C' will go somewhat deeper. Anyway, momentum is building up...'fibo' sees 2.90... slighty above the downwards trendchannel. This would mean that uranium could go in a new upwards trend...wait and see... time will tell what happens!
I'm taking a stab at uranium, specifically US uranium miners. For those interest, I have written a blog post about it. klendathucapitalist.com
china and india need this for their nuclear industry/japan is trying to start up again/no 2 producer behind the leader/this sector is cheap and despised/wait for cloud entrance/diversify between shorts and longs/always stop loss