Sprott Physical Uranium Trust $SRUFF ✅ 41% increase since entry @ ascending triangle breakout 🎯 Target remains 0.618 Fib Ext at $30.00 ❌ Stop Raised to $20.00 guaranteeing 23% profit I may exit this trade earlier if diagonal is breached. Had a much larger entry planned for green zones, never happened. Thats ok though, thats why initial position size...
POSITION TRADE U.UN (TSE), SRUUF (OTC) Catalysts: The uranium market is in structural supply/demand deficit despite nuclear energy being an essential and growing form of clean energy. Financial players and a utility contracting cycle mark near-term catalysts. I expect both physical uranium and uranium producer baskets to aggressively outperform over the...
TSX:U.U is showing an ascending triangle on the hourly that spans the past eight trading days. This is a simple trade with the stop loss below the swing low and the target at the height of the triangle. Gives us a 6.83% potential profit to 3.1% potential loss, a reward-risk ratio of 2.22. Of course that depends on whether the triangle breaks upwards in the first...
$SRUUF/U.U broke the downtrend and retested the trend line. We may see a slight dip back down to the $11.25 level if the PA drops below the moving average. Either way we are in a bull market and I expect to see continuation upward to $12.54.