Lotus is currently flashing a broadening wedge pattern. Assuming the bottom is not yet in and another leg down is in order we're looking at a measured move of 66% from the next likely bottom on the lower trend.
Considering most of uranium sector moved 10 to 20% last week, this stock found no love. Sitting just below resistance, will it find any love this week?
It is one of the smaller uranium plays if not the smallest.
Text me if you have any questions/comments for me.
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LOT
- First time doing a written analysis on LOT
- In a weekly chart (as shown), stock does show some signs of uptrends since the Covid crash
- As a mid-term trader, a weekly chart is a too long a time horizon to trade in -> Weekly charts are more suited to long-term investors
- Stock is currently...
Sorry everyone, got distracted, was meant to post this with 20 on the offer. Since has broken out. Lovely shape for a continuation move, on the daily and weekly. 20 entry.
LOT is a Uranium explorer, which is a hot commodity sector as the world looks to quell carbon emissions.
Listing for trade on the OTC Exchange is expected to be completed imminently – aims to increase
shareholder diversity as well as global market awareness.
Thats about the best I can do on FA. But TA wise, a close above 17 on the weekly would indicate a...
My chosen #Uranium Junior producers are doing well, with $BOE looking very cheap now!
Lots of catalysts coming up for all these - the ETF rebalancing today first!
