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guba3817

Is Sprott's Physical Uranium Trust strong enough?

Long
SPROTT PHYSICAL URANIUM TR (TSX_DLY:U.UN)  
guba3817  
TSX_DLY:U.UN   SPROTT PHYSICAL URANIUM TR
Chart Patterns Trend Analysis
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chartpattern trendanalysis
If U.UN manages to keep its current strength a new buy signal will be generated once it will have cleared CAD 28. If it finally succumbs to the bearish rising wedge and its confluence with the current resistance zone between CAD 27 and 28, one could try to get in cheaper between CAD 25 and 25.50. The situation would turn increasingly bearish at CAD 24.75 and below in my opinion (assessment based on the daily chart).
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