SMR appears to be at the bottom of a nicely respected range. On Friday SMR retested Thursday's breakout. Given the price action this does not seem likely to go much lower from here. Expecting a bounce from $21-$21.30 early this week, then a move up to the 200 DMA around $30.25.
From current price to ATH is about a 170% gain. Given the macro fundamentals relating to AI, the Trump admin, and energy/commodities overall, I foresee this stock, as well as others like OKLO and LEU, to be in a long term uptrend. The technicals and fundamentals are shaping up for these stocks to be great long term holds and nice swing trade opportunities.
From current price to ATH is about a 170% gain. Given the macro fundamentals relating to AI, the Trump admin, and energy/commodities overall, I foresee this stock, as well as others like OKLO and LEU, to be in a long term uptrend. The technicals and fundamentals are shaping up for these stocks to be great long term holds and nice swing trade opportunities.
Trade active
SMR is retracing lower than I would have liked, but the setup is still valid. There is still a high probability of this fractal repeating.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.