URANIUMToday we have reached a critical point in uranium spot price $30.50 which a resistance line. When breakout takes place above this price 20 DMA will cross 50 DMA. 50 DMA will be ready to do a GOLDEN CROSS by passing 200 DMA. Cup and handle in formation. Everything pointing to a serious move in a spot price which will positively effect a share price for all of the uranium miners. Good luck. Holding and Long
UX1! trade ideas
UX1! Uranium Price is Ready to move upWith current 60 million pounds annual deficit production price has to move up North substantially. From technical point of view Stach and MACD indicators pointing that price will start moving starting this week. Movinng averages are pointing down at this point but that could change with price moving towards $30 range and above.
UraniumSimple bullish trend channel has emerged the last two years.
Supply is hurting, covid 19 has made it worse.
First time since 1970 both parties in the USA is pro nuclear.
50-60 dollar uranium is needed to make new mining economical.
12% of world energy is nucelar.
Small downside big uppside, miners and other stocks is a asymetrical way to play the 50-60 dollar price range.