OptionsRising

Watch Uranium for Investing Hold - Rising to 50, 100+

Long
AMEX:URA   Global X Uranium ETF
This chart is relatively easy to read. A multi-year bottom in uranium prices has completed, and some commodity/energy experts are forecasting a rise in uranium prices. This weekly chart shows price is currently consolidating, which is the perfect time to set alerts and put on watch. I want to see stochastic %K(7), pink line, move down to 20 before buying in. If you zoom out to a monthly chart, you can see the returns on buying URA (uranium ETF) may be much better than stock ETF's over the next five-10 years, and why I suggest 50 and 100 are realistic prices.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.