CrashWhen

URA - Nuclear Energy isn't the answer

Short
AMEX:URA   Global X Uranium ETF
URA failed to make a higher high and got smashed at the .786 fib at $28.25. Weekly Money Flow and Momentum coming down. URA will hit the 1 fib at $17, and most likely the . 618 retracement at $12.

Fun Fact: Despite Elon Musk's endorsement of nuclear energy, just focusing on Electric Vehicles, there is a metric called the "Wells-to-Wheel variable" that measures the efficiency of different sources of electricity towards greenhouse gas emissions. Higher number the better for the environment. Coal and Natural Gas are the leading sources of electricity with Wells-to-Wheel efficiencies of 0.26 and 0.24 respectively. Nuclear Energy comes in at 0.21. Nuclear Energy comes in worse than coal, the dirtiest fossil fuel.

I noticed some Uranium explorers took advantage of this massive pump and diluted shareholders to raise capital.
Comment: Yearly VWAP turning from support into resistance
Comment: Super Uper Buber Bullish Monthly MACD Cross... to the downside
Comment: Apparently, there was super duper bullish fundamental news concerning the future of uranium. Cool story, but price quickly got rejected at the .618 fib. Currently testing the neckline of the head and shoulders pattern. Once the neckline breaks, URA should see $16 soon imo
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