dionvuletich
Long

Uranium Futures near long term buy zone

NYMEX:UX1!   URANIUM FUTURES
131 4 1
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
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
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What now? Are we going into triangle again or will we just test the upper band?
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I think the target drawn is 67 to 72 longer term (the yellow shaded area) ?
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very nice chart, possible long term target price ?
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