Uranium Energy fib channel and target zones. UEC/CCJ points to 1.5. My target for cameco is $450, so 1.5x cameco is $675 UEC theoretical. That roughly aligns with the top of the fib channel. Typically, I sell above the .618 for stocks, and above the .786 for cryptos. Long runway ahead guys for Uranium.
Comment:
I’ve been in UEC since before the $.35 dip. I bought shares at $1.77 that I held through the dip, and still have them. I bought much heavier pre-Kerrisdale short, which brought my average price to $3.40ish, so I’m all long term cap gains, and up 50% roughly. No need to touch it. I own 29,000 shares.