I have been waiting for a clear signal from the uranium industry for a while now, and it's hard to ask for a better set-up than what we are seeing on Nexgen. First we have a capitulation zone (red square) and then a bar close inside the range. Then we have a break out to the upside from the channel, followed by a successful retracement and new highs. Holding this...
$NXE.to $NXE in no mans land but RSI holding above breakout. Watching TEPCO, $CCJ, $U.to and $GCL.L for cues. All seem to be holding up well despite broad sector weakness.
Stock broke out of a consolidation this morning triggering the long trade.
Long-term uptrend but stock recently sustained a deep pullback. The recent price action indicates that pullback could be over and another wave to the upside is starting. Conservative target is below early 2017 peak. More aggressive target is above that peak. Can also use ATR Stops--wait...
NexGen Energy Ltd. engages in the acquisition, exploration, and development of uranium properties. Its uranium project portfolio includes Arrow, South Arrow, Harpoon, Bow, IsoEnergy, SW1, SW2 and SW3 property. The company was founded by Leigh B. Curyer on March 8, 2011 and is headquartered in Vancouver, Canada.
TSX
