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tangman
Jun 28, 2017 6:31 PM

Bullish divergence in Uranium Long

Global X Uranium ETFArca

Description

The same divergence can be found on a weekly and monthly basis going back to the previous low on January 2016.

Looking for a pop over the 50ma.

Bought with a tiny position here.

Trade active

Update: I added to URA, and I added to UUUU. I sold URRE based on weakness.

Updates below
Comments
tangman
URA
Bought on 6/28 for $13.20
Bought on 7/31 for $14.53

URA appears to be riding its 10ma higher, so I have positioned for another breakout. I will likely sell partial around $16, but will keep some because it looks like a long term bottom.
If URA loses the 10ma, I will likely exit with profits.

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