SLX trade ideas
2X move incoming for Silex?We've seen a series of bull flag breakouts as Silex has climbed up during the recent Uranium bull market. Each move up has seen at least a 100% increase in share price from trough to peak. The most recent break upward is supported fundamentally by news of the US House of Representatives passing a ban on Russian enriched uranium imports, which can be seen as bullish for Silex's GLE project.
$SLX - Silex #Uranium-- Patience...After 4 taps of this resistance level the probabilities start to increase of price trading right through it, Looking to potentially do Business around the grey box Previous resistance turned support.
Ideal situation for a long is a spike into this grey box take out the stops market with Red Circle and get back above the 2022 Yearly Close which price seem to be respecting.
If we get a really hard pull back looking to do business around the 2.57 level where those Juicy SELL STOPS are resting.
$SLX - leaderby my rough count 8 days up and 2 days of sideways on strong volume. Puts it into alpha leader category. Sometimes you just gotta find out on these stocks. Patience and some wide stops. Oh and don't chase here unless your an insto and you have to cos otherwise you'll look like an idiot for not owning it.
$SLX is this time different?Uranium is the key to the worlds attempt to reduce Carbon Emissions and these guys have tech related. But they also have the means to make material in short supply for quantum computers.
Great pullback buy this week, so can't suggest a buy here though. But this feels like an ASX story to watch.
$SLX - SILEX SYSTEMS - Good momentum$SLX - SILEX SYSTEMS - Good momentum,
Worth a watch. So many good opportunities around at the moment. Has some good market depth on the buy side.
Quite an interesting business. Not sure how much upside there is if their product is licensed out.
Silex Systems Limited is a research and development company. The Company is focused on the development and commercialization of its primary asset, the Separation of Isotopes by Laser EXcitation (SILEX) laser uranium enrichment technology. It operates in the Silex Systems segment. It is focused on the delivery of the SILEX laser enrichment technology. The SILEX Technology is a laser-based process that has the potential to separate uranium isotopes, as well as other various elements. It has licensed SILEX technology exclusively to GE-Hitachi Global Laser Enrichment LLC in the United States. It has an interest in semiconductor technology known as Rare Earth Oxide (cREO) technology, which is exclusively licensed to IQE Plc. IQE Plc is progressing the cREO technology towards commercial deployment in various semiconductor products, such as power electronics and wireless radio frequency (RF) communications chips.