Energy Fuels Stock: Potential Reversal Ahead?
UUUU After reaching a low of $0.78 in March 2020,
UUUU has been on a recovery path. Currently, it's forming an inverted head and shoulders pattern, with the key neckline at $7.47. A breakout above this level could signal a move towards $9.73.However, watch out for the bearish alt-bat pattern near $9.73, which could lead to a pullback. Stay alert for key price action and adjust your risk accordingly.
⚠️ Note: Any violation of the $4.19 support would invalidate the projected patterns in this idea.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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