Good morning. With the cryptocurrency and weed markets still in consolidation, I've been sitting on cash waiting for a good long term set up. Uranium is probably the most hated market of all right now. It's seen nothing but downside for the past 11 years, but is beginning to show hope with this setup.
While AMEX:URA isn't a perfect tracker of the Uranium futures...
Is it time to buy some energy fuels? I am little bit hesitant because of possible strong resistances on SP500.
Bigger correction on US stocks market would complicate our long here
Next buying zone @2.55
Closed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only...
PA has found a floor after approx. year 7 year sell off. Note volume.
Possible disparity between actual value and current price ?
Monitor to see which breaks first, price floor or resisting trend line.
Laramide resources LAM exploration and development company one of my stock picks for the URANIUM recovery. Be aware huge potential for the uranium sector. Supply cuts, new reactors coming into work, USA new petition. Renewables are developing world wide but getting the share of the coal and ngas. Nuclear is here to stay in my opinion and the equities are highly...
Forsyth Metals is down to 500fibretracement entry. Canadian stocks are still in decline from last week, while Uranium stocks should bounce very soon.
Await bounce entry.