Really like what I am seeing here. Very possible 1-2 1-2 pattern forming. Looking as though an entire EW cycle which started in 2001 may be complete. I like this play because I believe the entire uranium market is looking for a bottom. I know may traders that are interested in the market. I have also talked with a trusted CFA and he also likes this stocks numbers. I am confidently buying here between $8-$9. When the fundamentals are strong and the technicals align with the narrative, price discovery can be powerful. I am #Bullish.
Kommentera:
Looking like CCJ is trying to form a bottom here
Kommentera:
Calling bottom here.... lets see if it can hold up
Kommentera:
Got a very nice move off the lows. Preferably, we need to hold the 9.06 high to keep a bullish bias. Of course we could get a diagonal that would allow for a break of that high, but at that point I would rather buy a retracement of the leading diagonal.