Penny stock fun: Appia Rare Earths and Uranium corp (CSE:API)CSE:API is changing its name to something higher information so that traders willing to make a play on rare earths or uranium actually know what it is. It'll be entertaining to see if the name change influences the ticker performance.
In an ideal world with perfect information they should be worth a lot more purely by being the second highest yield light REE mine while also having respectable amounts of uranium, considering that both of those are in a bull market.
APAAF trade ideas
API - AccumulationOBV looks to be picking back up and section 232 was shown to not be of interest to national security so canadian uranium is all good to buy. This also means that international uranium may be a good option to look at. Companies like blue sky and goviex will need analysis.
The support is show at .255 and the resistance is at .4.
Buying opportunities would be anywhere within the trendlines.
MACD-H is showing divergence on the weekly.
Uranim shot up roughly 2 USD with the news on 232. Now we have to measure the rise up to 30 and past it.
The daily is already showing full divergence while the weekly is about to show it. OBV has just turned positive as well on the daily.