Fission Uranium Trend ReversalFission Uranium market structure has shifted and looks like the uranium market reversal is done. Close above $0.76 on the daily and we are looking at a return to $0.95 area.
FCUUF
Short term View of Fission UraniumMost uranium companies are following the same kind of trends after testing highs earlier this year. Looking to the $0.46 mark to start off the path back to highs. Uranium sector FA is extremely bullish and Fission sits on a world class deposit. This company has underperformed for quite a while due to negative news surrounding the old CEO as well as dilution. Moving into the maturation of the uranium bull market I expect Fission to be one of the big winners, either through performance or through a buyout.
FCUUF longBroken diagonal, horizontal resistance still in play. FCUUF has been strong will likely see follow-through.
