$UUUU forming a monthly lower high? To see lower prices ahead.

2022년 3월 23일

I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does.

UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so.

First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support.

Then longer term over the course of the next year, I can see UUUU heading back to the range it broke out from.

Let's see what happens.

2022년 5월 5일

노트

Now that we're at the support of the structure, will the structure break to the downside? My vote is yes. Still think we see $6.11 and potentially a low of $4.46 if we get an extreme move down.

Even if there's a pop on earnings, the trend is down.

2022년 5월 9일

노트

Yikes, already broke the $6.11 support. $4.46 is next. Now down 40%+

2022년 8월 31일

노트

Update:

2023년 3월 22일

노트

This chart still looks ugly as ever. $2.48 still coming soon...