Loading ...Finally time for Uranium soon?
Well I don’t know, but it sure looks to be setting up bottoming price action since early 2016. It appears to be printing higher lows and I can see some support above the grey dotted line and in the grey zone. Anything can happen, but I certainly will be looking for some demand to build up in that support zone. If so, I will consider an entry above the grey line and set a stop loss not far below the low of January 2016.
I am a shorter term trader but this one I would like to keep if it lets me. I will not act until price finds and confirms support, if that happens.
Hinting at it. From what I understand, the real fundamental crisis in terms of supply-demand imbalance is still a couple of years away but it seems at a minimum the next couple years should range trade (if the sector doesn’t actually take off before then). This feels like a fairly safe place to buy (‘safe’ being a pretty dubious term to use when talking about the uranium miners).
You may be right about the fundamental supply-demand imbalance, but I would be OK range trading it too.
Yeah, it’s a big range! Could build a nice core position between now and 2020.