$UUUU forming a monthly lower high? To see lower prices ahead.

2022年3月23日

I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does.

UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so.

First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support.

Then longer term over the course of the next year, I can see UUUU heading back to the range it broke out from.

Let's see what happens.

2022年5月5日

註釋

Now that we're at the support of the structure, will the structure break to the downside? My vote is yes. Still think we see $6.11 and potentially a low of $4.46 if we get an extreme move down.

Even if there's a pop on earnings, the trend is down.

2022年5月9日

註釋

Yikes, already broke the $6.11 support. $4.46 is next. Now down 40%+

2022年8月31日

註釋

Update:

2023年3月22日

註釋

This chart still looks ugly as ever. $2.48 still coming soon...