Uranium Futures near long term buy zone

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Going to wait for small green candle in the zone then looking to buy Uranium stocks for position hold - R:R is very very good
Would you consider the 5.5% drop overnight a healthy retrace / profit taking , or more the end of a short squeeze
dionvuletich LachlanGorman
@LachlanGorman, on this timeframe (monthly) 5.5% is negligible, the month end will be the telling point, if it's green and a solid convincing move then I think it is going to go higher
1x year ago i posted this chart and hopefully in just over a week we should have a confirmed break and close out of the wedge, I'm going to start loading up on uranium stocks as wedges usually end up at the start of the wedge which in this case is $68 - $73 mark and were currently sitting at $25, low risk/ high potential reward
Hi Mate, any update
dionvuletich LachlanGorman
@LachlanGorman, Hi Lachlan, my view is that if this month closes near where it is, then it will be a confirmed break of the long term wedge... if that is the case then I will be scaling into more uranium miners as I already have a position in one now. Although this is just my opinion....
I would hope it falls back to between 20.50 and 21.80 which would form an AB=CD on the weekly chart, hopefully if it finds support there it could break the triangle and start the larger rally - this would probably be the best tiome to hunt for entries on miners in the field as the underlying commodity could rally significantly increasing future revenue
What now? Are we going into triangle again or will we just test the upper band?
I think the target drawn is 67 to 72 longer term (the yellow shaded area) ?
very nice chart, possible long term target price ?
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