OTC:GLATF TSX:GLO 's counter trend downward broadening wedge is testing its breakout. Fundamentally, the coup in Niger has kept this near term #uranium producer back, but it's time to catch up. We're looking at a 155% measured move based on the bottom of the wedge to the top. The time frame here is generated via the falling wedge's staff overlayed at the point...
Expecting at least a 15-20% bounce here to 1.4 - 1.5, from 1.27. Hold it longer if you're a believer. Next support is 0.58.
And guess who is running through GLO. It's a me, Yoshi! Be prepared for some jumping action.
Three days later, it looks good. Solid bounce from the expected support.
Glo to URNM ratio with 2-sigma channel regression. 100 day time frame.
Glo to URNM ratio with 2-sigma channel regression. Statistics say buy GLO. This is going back 200 days, still bottom of the channel.
Glo to URNM ratio with 2-sigma channel regression. Statistics say buy GLO. This is going back 400 days, still bottom of the channel.
GLO has been lagging URNM for a while now and is at a place likely to bounce.
OTC:GLATF All signals are present and we're off! I expect with Europe need new sources of U as they can't access Russian uranium that Global Atomic as a new term producer without a full book of offtake contracts is a big winner here.
looking good , break out looks imminent IMO. DXY weakness is good for U stocks.
Possible 20%+ gains over the next 4 monthes: - Favorable political conditions; - Bullish; ascending triangle. This content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives...
Rejected at q3/21 high and it is capping the upside. Buy opportunities at Q3/21 low ans ideally at 2020 higk. Giga long if it sweeps the q3/21 low and reclaims it > longs back to range highs.
What a beautiful run that was from the lows last year. It's still not getting much love from many investors (maybe it is becoming to expensive compared to the actual results) but if they can deliver on their DASA project in Niger and go into production with the estimated $35/lb while uranium prices are at $100+ (wild guess :) it might have a lot of runway ahead......
This chart looks very clean super bullish. looks like it is ready for next leg up $2.49 level. Mod. Pitch fork looks great. Price is sitting at 2.618 Fib. Level. Ichimoku cloud has long green uptrend and everything is hovering above the cloud which is very bullish.
GLATF looks like the price will dump from .32 down to .15c or maybe .11c considering the market isn't pricing in the fact they have the world highest grade uranium mineAfrica with support of Nigeria Gov.& open zinc recyling factory in Turkey that keeps them fulsh with cash & debt