News mentions of Nuclear this & Uranium that, whats the Macro?

This is a look into the macro developments happening currently in UROY.
This is strictly a TA look into the big picture. We zoom out to Timeframes bigger than 1W.
At times zooming in to check (3 Day, 5 Day, maybe 1D) for potential swing trades.

I tend to look into things like price action, indicators, volume and other data to sway probabilities of where an asset may go and determine best opportunities of supply and demand zones based on my interpretations.

So jumping right in this is a look into price action on the 1 Month timeframe.

Looks to me like a massive macro falling wedge.

But theres massive volume. So thats a little contradicting.

In anycase always look for confirmation of breakouts.

On another negative note: this is only 5 years of data. Would have loved more price data.

Also note potential bullish cross of STOCH RSI, a momentum indicator. Still need confirmation though. If blue and orange line above 20 level on STOCH at monthly candle close.
COuld be a positive.

But key is to watch for confluence of many signs and or indicators.

I will be keeping my eyes on this.

Look for more posts as things develop on UROY.

DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.