This overall view covering the big picture gives me plenty of reason to be cautious here…

Bearish crossover on the STOCH plot suggests a (possibly very big) move down is imminent. At points, 1, 2, 3 and 4 we fell 80% or more. That would target the red support/resistance line at a value of about 1 in a year or two. As is often the case, the shorter term view tells a different story, which could lead to a turn up, a bit like the one that occurred at point 2…

So, is this a bull, or just radioactive bullshit ? If the fundamentals (recent mine closures and rising Uranium prices) count for anything, it’s hard to see a sharp drop. If this is indeed a real bull, the next year or two could make those invested in the sector very rich indeed. We shall see.