Loading ...Uranium Bull Market?
Not quite yet but my cycle analysis shows that we have moved from Stage 4 Bear into Stage 1 Basing over the past 3+ years similar to Gold’s basing period before its 2019 breakout. My attached chart shows how spectacular the last Bull Market was. I have positions in a small junior that I show is being accumulated.
Recently I showed you that #Uranium had moved from Stage 4 Bear to Stage1 Basing that precedes a Stage 2 Bull Market. I follow the sector because the last Bull from 2000 to 2007 was spectacular (see my chart). Are we on the cusp of another Bull? Time Will Tell. pic.twitter.com/Ph1vfMDTT8
— Surf City (@SurfCity_Cycles) November 12, 2020
As I always like to say, silver stocks are the most volatile stocks on the planet, while uranium stocks are the most volatile stocks in the universe 🙂
This has been such a difficult sector to time and declare an entry point. I have fallen onto my sword a few times and my scars have given me a wait and see approach.
CCJ is the motherlode and presently sits below a declining 30 W EMA… Caution
https://stockcharts.com/h-sc/ui?s=CCJ&id=p09061825205&listNum=43&insp=1
I agree and only have a couple of small starter positions as the secor appears set to form its first higher low at an ICL in almost two years.
NXE and ISO are the promising small cap exploration issues to me