Uranium Energy Corp.
Long

Uranium Energy Corp Weekly Outlook (Count 1)

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Here is my weekly outlook on UEC .

UEC is one of my bigger holdings, I've added at various times as shown on the chart (see green dashed lines).

In this outlook i am viewing the price action from the lows in Mar 2020 to the end point of wave (1) as a leading diagonal pattern. After that we have seen wave (2) and another wave 1 and 2 in the red degree (red wave 2 may not be complete yet).

Are we next going to see a breakout in red wave 3? the case for this will be helped if the UX2! Uranium Futures chart plays out as predicted along with YCA & U.UN ...see my linked charts

More comments on the chart!

Note: My analysis is more focused on price levels as opposed to wave duration, so bear that in mind if you see a particular price level at a certain date in the future and think i'm rigid on both price and time.

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