As always recognize that I know nothing about charting, my ta is superficial at best and no investment strategy should be based on my thoughts. That said....U looks like a nice slow ride with a tornado inside it waiting to be released. I'm buying under the blue bar, watching if it breaks the trend. My stop is tight so if if breaks from the channel I'm out. If...
The SPROTT Physical Uranium Trust TSX:U.U is showing a triangle formation on the daily chart. There is a number of reasons why I am inclined towards higher Uranium prices: 1. Rising inflation. 2. Rising commodity prices. 3. Supply chain problems (although doesn't apply to Uranium that much). 4. Energy Crisis! 5. The world starting to see that Nuclear energy...
TSX:U.U is showing an ascending triangle on the hourly that spans the past eight trading days. This is a simple trade with the stop loss below the swing low and the target at the height of the triangle. Gives us a 6.83% potential profit to 3.1% potential loss, a reward-risk ratio of 2.22. Of course that depends on whether the triangle breaks upwards in the first...