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LD_Perspectives
Feb 17, 2022 2:17 PM

Global X Uranium ETF Long

Global X Uranium ETFArca

Description

I wrote about the Uranium sector 14-months ago on 07-December 2020 when the ETF traded at $14. The move over the period has been strong, with a high of $31.60 on 09 November 2021.

I looked the attached chart last night and thought there were some interesting similarities to prior periods.

STRATEGY: PENDING BULL FLAG BREAKOUT + TIME CYCLE

Key Trading Levels For Buy/Long Opportunity

The highlighted levels may or may not trigger during the upcoming trading session.

Blue Lines = Bullish Reversal Pivot

Required: Needs to hold above the pivot with intraday strong bids.

TF = Medium Term

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