KIV ( Kivalliq Energy Corporation ) Priced in Uranium
The chart describes the uranium equivalent for each 1000 shares of KIV.
On the left of the chart, a leading diagonal,it's a bullish pattern. it can be counted as a first wave in an impulsive structure, also the leading diagonal can be counted as a first corrective wave in a larger corrective structure, either way the third wave will have long distance to go.
The second pattern to the right is a corrective contracting triangle,it can be counted as the second wave of an impulsive structure, or a second corrective wave in a corrective structure.
The corrective triangle is almost completed.
The next wave will be up ward with the following projections:
21.50 uranium unit weight per 1000 share of KIV ( Fibonacci level 1.618 of the first wave - leading diagonal )
34.47 uranium unit weight per 1000 share of KIV ( Fibonacci level 2.618 of the first wave - leading diagonal )
54.82 uranium unit weight per 1000 share of KIV ( Fibonacci level 4.230 of the first wave - leading diagonal )
If uranium prices to go up as fundamentalists expect, this share will be profitable.
On the left of the chart, a leading diagonal,it's a bullish pattern. it can be counted as a first wave in an impulsive structure, also the leading diagonal can be counted as a first corrective wave in a larger corrective structure, either way the third wave will have long distance to go.
The second pattern to the right is a corrective contracting triangle,it can be counted as the second wave of an impulsive structure, or a second corrective wave in a corrective structure.
The corrective triangle is almost completed.
The next wave will be up ward with the following projections:
21.50 uranium unit weight per 1000 share of KIV ( Fibonacci level 1.618 of the first wave - leading diagonal )
34.47 uranium unit weight per 1000 share of KIV ( Fibonacci level 2.618 of the first wave - leading diagonal )
54.82 uranium unit weight per 1000 share of KIV ( Fibonacci level 4.230 of the first wave - leading diagonal )
If uranium prices to go up as fundamentalists expect, this share will be profitable.