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.

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