Short
Uranium, not quite yet?
Despite the multiyear lows in Uranium, it seems that stocks like U are not having enough capital to take it higher, in the opposite, investors are selling out to invest elsewhere, perhaps looking for more attractive yields.
I think Uranium Participation will revisit much lower levels, perhaps around $3.5 in 6-9 months, until the whole Uranium sector changes direction.
The uranium sector is showing mix signals with some indicators showing a break, but reality minor stocks such as U are struggling.
I think Uranium Participation will revisit much lower levels, perhaps around $3.5 in 6-9 months, until the whole Uranium sector changes direction.
The uranium sector is showing mix signals with some indicators showing a break, but reality minor stocks such as U are struggling.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.