The blue bar projection is less of a prediction and more of a possibility. It is the previous primary trend decline flipped around but equal in price and time scale.
URA experienced a long term primary down trend since opening for public trading.
From 2016-2021 the primary downtrend turned into a multi-year basing, which was broken out of bullishly in 2021 and then held above resistance-turned-support. It has now retested multiple times without falling back into the range.
You can see recently it has surged again upwards with good volume.
This has good potential for a U-shaped long term recovery.
As I am a technician I will leave out my personal fundamental opinions on nuclear as a clean source of energy.
Thank you.
-harambepay
URA experienced a long term primary down trend since opening for public trading.
From 2016-2021 the primary downtrend turned into a multi-year basing, which was broken out of bullishly in 2021 and then held above resistance-turned-support. It has now retested multiple times without falling back into the range.
You can see recently it has surged again upwards with good volume.
This has good potential for a U-shaped long term recovery.
As I am a technician I will leave out my personal fundamental opinions on nuclear as a clean source of energy.
Thank you.
-harambepay
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.