Uranium is set to move much higher according to this Ichimoku Cloud chart. The cloud has turned from red to green and the price @ $30.50 is hovering just outside of red cloud. Blue conversion line passed under yellow base line and is now outside of the red cloud. The most important confirmation is that Lagging Span is outside the green cloud as well. Looks like all 4 requirements are met.
Also Stoch, MACD and RSI are looking very good and in uptrend mode. Looks like this week uranium sector is ready to move up nicely along with a spot price.
Also Stoch, MACD and RSI are looking very good and in uptrend mode. Looks like this week uranium sector is ready to move up nicely along with a spot price.