UEC heads up at $6.66 (!) then $7.25: Uranium ready for a dip?
Updated
Uranium has been on the uptick for a while.
Many are overbought and due for a pullback.
This is one example reaching key resistances.
$ 6.61 - 6.67 is the immediate resistance
$ 7.25 - 7.59 will be the breakout barrier.
$ 5.46 - 5.58 will be last uptrend support.
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Many are overbought and due for a pullback.
This is one example reaching key resistances.
$ 6.61 - 6.67 is the immediate resistance
$ 7.25 - 7.59 will be the breakout barrier.
$ 5.46 - 5.58 will be last uptrend support.
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Trade active
Dip exactly where expected:
(yellow shaded area for price action since posting).
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Zoom IN (M15)
Some loud "Pings" confirmed our Geenesis fib at 6.61.
So all humans/bots/indi's recorded the exact location.
Just broke above fib, so maybe uptrend will cotinue.
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Trade active
BOOM !
Another leg up, as expected in last update above.
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Zoom IN (m5) and observing the fib reactions:
We have a local fib that is currently in control.
We just blew through one of the sister fibs here.
Look for retest of 13.706 at $7.42, then $7.62.
.
Looks like we continue upwards, maybe with small dips.
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Trade active
BOOM and BOOM again!
>23% from the EXACT entry point plotted.
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Zoom IN (m15)
Just touched a Covid fib (dashed), a minor ratio.
Its Golden sister was part of our support below.
We might get a retrace here, so trailing the stop.
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