This stock is testing a 3 year trend line on the weekly time frame while building a strong 12 month base at the .15 cent level. That is bullish. Some may argue it has already broken out, but from my vantage point, it will sometime in the next week or two.
Very simple analysis in line with my bullish perspective on UUUU.
Bearish volume dwindling coupled with recent inflow of bullish volume strengthening my bias and analysis that this sector is ready to experience a new cycle.
Will wait until .170 is breached and retested satisfactorily before assessing for long entry.
GoviEx Uranium, Inc. engages in the acquisition, exploration, and development of uranium properties. Its projects include Madaouela, Mutanga, and Falea. The company was founded by Govind Friedland in 2006 and is headquartered in Vancouver, Canada.