Looking at the daily picture, we can identify several important information :
1) caught in a $ 23.00 - $ 25.50 trading range
2) mix of a double bottom and double top
3) currently below the Mid Bollinger Band
4) in the middle of the sideways trading range above mentioned.
5) supported by the former uptrend support line (in green)
6) still below the ongoing resistance line (in blue)
Nevertheless, recent price action from the former high @ $ 28.68 towards
$ 23.00 should be seen as an healthy consolidation move and not as a trend reversal.
Therefore, having in mind a med/long term buy strategy, dips should be seen as a good opportunity
to increase the existing long exposure for those who are already long or to initiate new positions for the others.
TRUST ME.. there is a STRONG STORY behind and it is only the beginning of the story...
Have a look at the monthly picture and you will see the upside potential, it is huge !!!
Last but not least, the better vehicle to invest in the URANIUM theme is the following :
Strategy Certificate on U3O8 RENAISSANCE Portfolio
Underlying: U3O8 RENAISSANCE Portfolio
SSPA/EUSIPA Product Type Tracker Certificates (1300)
ISIN: CH0441692628 /Valor: 44169262
Last price (05.10.2021) $ 1'987.05
Best
Ironman8848
1) caught in a $ 23.00 - $ 25.50 trading range
2) mix of a double bottom and double top
3) currently below the Mid Bollinger Band
4) in the middle of the sideways trading range above mentioned.
5) supported by the former uptrend support line (in green)
6) still below the ongoing resistance line (in blue)
Nevertheless, recent price action from the former high @ $ 28.68 towards
$ 23.00 should be seen as an healthy consolidation move and not as a trend reversal.
Therefore, having in mind a med/long term buy strategy, dips should be seen as a good opportunity
to increase the existing long exposure for those who are already long or to initiate new positions for the others.
TRUST ME.. there is a STRONG STORY behind and it is only the beginning of the story...
Have a look at the monthly picture and you will see the upside potential, it is huge !!!
Last but not least, the better vehicle to invest in the URANIUM theme is the following :
Strategy Certificate on U3O8 RENAISSANCE Portfolio
Underlying: U3O8 RENAISSANCE Portfolio
SSPA/EUSIPA Product Type Tracker Certificates (1300)
ISIN: CH0441692628 /Valor: 44169262
Last price (05.10.2021) $ 1'987.05
Best
Ironman8848
