Buy the dip on Uranium CCJI drew these trendlines about 2 weeks ago and since then the price action run like clockwork. Just used this to load up more on uranium-heavy bags. The white line is from multi-year falling wedge which was tested again and showed strong support. My actual price target is near ATH. I think we will miss the opportunity of CCJ below $20 soon.
Uranium is similar to planes. People are usually more afraid of flying than driving, but numbers do not lie and show that planes are the safest mode of transportation. I think the sentiment is shifting and the risk is to the upside.
