(This is a technofundamental idea. I assume familiarity with the uranium market fundamentals).
We can see a breakout from a large wedge pattern, going back as far as 2007. The recent pullback looks like a backtest of the wedge. A low risk entry point in my book, if you're looking to position into the uranium market.
Toro Energy TOEYF is in the same family of uranium exploration OTC penny stocks from the ASX as Bannerman, Lotus Resources, Boss Energy, Deep Yellow... but it doesn't get nearly as much love as they do (by which I mean it's very low volume). However, somehow, it has a pattern. My analysis is that the price will continue to move upwards in a stair step pattern...
