GOVIEX URANIUM INC is looking very goodA good time to accumulate for the long term. Many other uranium miners have similar setups. $BSK $BMN $DYL $FIND are very good for long term hold.
GVXXF trade ideas
Goviex Uranium - Looking for a Breakout of the ChannelA resistance or support is like a door, the more you hit it, the highest chance it may break.
Goviex has a huge uranium deposit in Niger.
There is also some political risk as Niger defines political risk.
The stock could trade sideways for some time, but in the mid to long term I expect this stock to do well once uranium prices move higher.
GVXXF GOVIEX URANIUMPrice is sitting right at 50DMA. Looks like an asymmetrical double bottom. Current drop in price do to geopolitical conflict was a gift for those who was able to get those shares at a deep discount. The price movement of this stock will certainly depend on a current spot price movement. Watching closely to breakout of resistance line.
What Would Happen To Uranium Stocks If World War 3 Breaks out?Uranium stocks are down 95% from their peak. There has been no energy source that has a better efficiency . Nuclear Power plants are better IMO. They about 1.5 to 2 times more as natural gas and coal units, and 2.5 to 3.5 times more reliable than wind and solar plants. Furthermore Iran cancelled it's Nuclear. Well guess what? Nuclear Bombs are made out of Uranium. This is a bull market waiting to go bezerk as the main focus is who has the biggest Nuclear Bomb.
Combined with some simple Elliot Wave analysis we have a descending wedge. We already broke this wedge with GVXXF, and this will also happen with NXE.
Very bullish price action on this uranium stockThis stock is testing a 3 year trend line on the weekly time frame while building a strong 12 month base at the .15 cent level. That is bullish. Some may argue it has already broken out, but from my vantage point, it will sometime in the next week or two.
