Long Uranium
Uranium has long been a sector I avoided, but today's news might change that: a company (Cameco) is dramatically cutting production.
In addition, on the URA chart I see a long term triple bottom with small stop run. The 50 wma has also flattened out.
I don't like to chase a day like this, but it has not given up anything since the morning.
Taking a position here, stop below 13.
In addition, on the URA chart I see a long term triple bottom with small stop run. The 50 wma has also flattened out.
I don't like to chase a day like this, but it has not given up anything since the morning.
Taking a position here, stop below 13.
Penafian
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