Uranium Participation about to rip upwards?Uranium suddenly came a life and U.Participation seems to be moving quite fast. I think it is possible that the stock moves in a similar impulse of its last push in symmetry, harmonics. If that happens the stock could go above the FIB projection lines, perhaps around/over $6 CAD.
It is quite strong now, lets wait and see in the next couple weeks.
I am changing this from neutral to bullish.
Uraniumparticipation
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.
