deCarbonMan

deCarbonMan

Blue arrow = Double top Red arrow = negative divergence Green arrow = bounce from RSI Things are starting to look dangerous here. We might get a bounce up to the descending RSI, but overall it is looking fragile. Won't short it until it breaks to the downside of the red horizontal channel

deCarbonMan

A bounce on the RSI at this point gives us a positive divergence. Initial target would be $14 and then $15.

deCarbonMan

Green arrow = Solid volume Red arrow = Must not break to the downside Yellow arrow = Target is the 1.385 level which is about $1.40 Might see some short term retracement to close the gap, but the fundamentals are strong with uranium.

deCarbonMan

RSI uptrend regained. Downtrend broken. Regardless of short term price action, if the RSI uptrend holds, the price will follow. The question is, is that a bull flag or a downchannel?