Fight The FAANGMAN – Uranium Edition
Three Uranium securities that recently broke out against the Nasdaq 100 ($NDX). Fighting the FAANGman.
VanEck Uranium + Nuclear Energy ETF (NLR)
We see a breakout in October 2018 above an 11 year downtrend line. The ETF’s nominal chart also show an unbroken upward sloping support line from the 2008/2009 lows.
Energy Fuels Inc (UUUU)
A favorite uranium stock around here! We see a breakout above an 8 year downtrend line in August 2018. We also see a secondary key trendline which flipped from a support line to resistance line, and back to a support line before the breakout.
Cameco Corp (CCJ)
We see a breakout in November 2018 above an 8 year downtrend line. Smaller horizontal support line in play from Q3 2017 to Q3 2018. On CCJ’s nominal chart we an unbroken up-sloping support line from late 2017.
With these recent breakouts against the Nasdaq 100 index, we’re looking forward to further expansion in the Uranium sector!
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Great charts. Thank you. 2019 should be an exciting time
Thanks for sharing. Great big ictire charts!
Great big picture charts. Fat finger on small phone doesn’t help 😀