1. 20DMA is crossing 50DMA in a downtrend pattern.
2. We are sitting right at the support line and Stoch indicator stating that we are in an oversold territory
3. Uranium sport price is not increasing while is the reason why we have recent sell offs plus red market is adding more pressure.
It is very tempting to sell and buy at a lower price but one never knows when spot price and market will turn around. Next thing you know the move to an upside is way too fast and you enter too late. Patience is the key here. I personally do not want to be among thousands of other buyers trying to enter into a tiny door. Music is playing and one of the utilities won't have a chair to sit on.
We need patience and good luck
2. We are sitting right at the support line and Stoch indicator stating that we are in an oversold territory
3. Uranium sport price is not increasing while is the reason why we have recent sell offs plus red market is adding more pressure.
It is very tempting to sell and buy at a lower price but one never knows when spot price and market will turn around. Next thing you know the move to an upside is way too fast and you enter too late. Patience is the key here. I personally do not want to be among thousands of other buyers trying to enter into a tiny door. Music is playing and one of the utilities won't have a chair to sit on.
We need patience and good luck
Penafian
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