My ST UUUU trade is about to enter it's most bullish phase to the top of the megaphone channel (red inclining resistance) ...
Upon reaching this resistance it will have cleared any meaningful overhead resistance left from the bear market.
This phase will be an amazing ride for the short, medium and long term. You can see my position as shown, I would consider adding on this pullback and would not expect lower prices in the medium term.
Upon reaching this resistance it will have cleared any meaningful overhead resistance left from the bear market.
This phase will be an amazing ride for the short, medium and long term. You can see my position as shown, I would consider adding on this pullback and would not expect lower prices in the medium term.
Comment:
A new high today! Let's keep this going
Comment:
Turns out cameco news has heralded some heavy, sector-wide selling, though re-starts will keep coming, UUUU has the additional US domestic REE advantage.I will continue to hold and potentially double down with any deeper pullbacks
Comment:
Uptrend is still valid until we break 5.3, more short term minded folks might set a stop loss order at around 5.30
Comment:
No stop trigger, backtest of the channel midline, Downside and upside equal opportunities right now.
