Price did go below the support line but sits right above 50 DMA. Long Ichimoku green uptrend cloud and everything is above the cloud. So, far it looks good. Dropping below 50DMA would be a concern. I would not sell just add more if have dry powder left. Spot price keeps on climbing. Sudden spike in spot price can move an entire sector quiet rapidly. Stochastic indicator is getting closer to an oversold area
I’m holding this stock from 5.12 , quite frankly I’m frustrated as spikes are random and drop is very stable . You may be right , I closed my position with same 50EMA concern .
I think this’s heading to 4.14 level
AskDrBurt
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@kkandru, Very small chance it will drop that low. Uranium miners have been holding nicely today even when Red Army attacks.
kkandru
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@AskDrBurt, agreed , bounce right at 50 ema , will watch
AskDrBurt
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@kkandru, If spot price jumps so all of the Uranium stocks
I think this’s heading to 4.14 level