The Global Uranium Miners ETF has made a breakout on the upside of its cup and handle formation, suggesting further upside move. Fundamentals look solid too, for example:
With both fundamentals and technicals looking extremely bullish, I have no doubt in my mind this will run to at least $120.
- Reactor restarts in Japan
- News of China building 150 new reactors in the coming decade
- Spot price of uranium increasing by double digits in past months
- Etc…
With both fundamentals and technicals looking extremely bullish, I have no doubt in my mind this will run to at least $120.
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