Long set up on the weekly on this uranium stock. With uranium at multidecade lows and production cuts this could be a great r/r once it breaks above the downward trend line. Weekly 10MA above the 30MA
UUUU in the Uranium sector is making a higher high on the hourly chart. Looks like a Bearish BAT pattern is in play which should give good returns up to the 88.6% retrace, or $2.60 range. Happy trading
A friend recently brought this company to my attention. Considering its recent general uptrend, it looks promising for future profitable gains. Its ADX has been going around a healthy level along with its Stoch RSI. The resistance lines from the Ichimoku have both been broken and it looks good... I shall keep y'all updated for future movements, but for now, keep...
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!
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
