Viking83
Long

Uranium: Next leg up in the new bullmarket

AMEX:URA   GLOBAL X URANIUM ETF
151 10 6
Uranium have retraced to 61.8 fib and found dual trendline support.
A good entry for long.
Comment: Uranium prices will soar in these nuclear war threat days! Kim craves uranium. Rumours has it he uses uranium in his drinks to make a nice glowing effect.
it is dropping too fast...
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Viking83 giuseppe.grande
@giuseppe.grande,
If it close below this area, then become worried. Should be major support here @ 78 Fib + Fib circular support
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@Viking83, nice,little bounce from here..
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And now? Ops.
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Viking83 giuseppe.grande
@giuseppe.grande, And now it looks like it want to go for a gapfill ;)
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@Viking83, yes it could bounce from here, Do you think the bottom is behind us?
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Viking83 giuseppe.grande
@giuseppe.grande, I think the bottom is behind us based on the structure of price and volume yes.
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@Viking83, Love you, Thanks.
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Hi old friend! So you are bullish about uranium in next couple of years. I want to buy this ETF for a few years as investment. What do you think - is it going to be good? I thought about 2-3x times today price in next 5 years?
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Viking83 ja.piotr.bor
@ja.piotr.bor, It has made a higher high on yearly basis. But looks like 61.8 retrace was not enough for it. I suspect that gap close to 78 retrace need to be filled.
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