Looks like the last chance for a deal on this uranium stock on the ASX
Another stock which I invested in related to uranium growing demand for green energy.
As I posted the previous chart, FCUUF broke the horizontal resistance.
Broken diagonal, horizontal resistance still in play. FCUUF has been strong will likely see follow-through.
Looking around ~8 to ~9 at this time for correction
About to break 1 year resist and 8 year in the same stroke.
Don't like the move off the low. Expecting a higher B move and more correction right now
Uranium, the chart. All pointing up as long as the overall market doesn’t drop like a rock
I know it looks ugly but a possible inverse head and shoulders forming hair which is foolish scenario possibly for Dennison. Fundamentally uranium is supposed to go on a bull run because of the shortage from Cameco and Kazataprom, Sprott owns a nice amount of shares. Sooooo......
Had to change my expectations significantly with the correction. Expecting an A wave soon.
Se BLY.ax for a preview of what major Drilling will do. major is the biggest cat in town this time, Boart Longyear out of the picture.
Sprott is building power for an explosive 15% move up in short order. Nice entry point here. One of my key holdings.
50,000,000 ounces in bolivia, eric sprott, some uranium and vanadium exposure through subsiduary
Prices of Uranium equities are cheap in general, so its a good long term investment. For the medium term, im targeting 17.50 (my entry point was @10.8 but I still think 11.9 is a good price