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guba3817
Jul 13, 2022 2:34 PM

Sprott Physical Uranium Trust at Crossroads 

SPROTT PHYSICAL URANIUM TRTSX

Description

Bulls and Bears are fighting it out in a key support zone:

Bullish:
- Hammer candle may form in key support zone provided by an open gap that may not get completely closed today (may still change today)
- Support also given by uptrend line that hasn't been broken as of now (may change until close, though)
- Slight bullish divergence in price and OBV that doesn't seem to print a new lower low right now


Bearish:
- MACD and Arron Up and Down turned bearish today, which confirms a new downtrend
- Key support zone under attack, gap may still be closed today
- uptrend line is under attack

Conclusion:
A bear trap may be forming right now. However, if the hammer candle won't be confirmed by another decently large green candle tomorrow, it might be time to abandon ship here.

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