UEC “ascending triangle” and all-time overhead breakHi, these are revised targets based on my latest study. Start selling past $20, and into $100+
UEC trade ideas
Not a sexy stock but....I've been holding this one since a few months back, it wasn't doing anything interesting until now. Uranium and other commodities are in high demand, and will be in 2023 too. Price has formed this triangle since April and closed the last week with an engulfing candle in the weekly timeframe. Is very close to breakout, you can open a small position and add after the break out.
UEC PRICE FORECASTI will be watching for price reversals at any of the targets
might be a short lived drop(TP1) then reversal might just go all the way long
or might hit most targets
as for the LONG RUN with all these wild fires (climate change is upon us) its hard to ignore that we really need a cleaner source of energy we cant fly private jets dallying around europe anymore
France, Europe Eyes Heavy Taxes Or Bans On Private Jets
Source: forbes
The primary driver of the demand for uranium is the capacity of nuclear reactors used to generate electricity. Industry experts project that, given the number of new reactors planned and the world-wide growing demand for electricity, the demand for uranium will grow significantly over the next decade.
Source: theconversation.com ›
Uranium is an abundant metal and is full of energy: One uranium fuel pellet creates as much energy as one ton of coal, 149 gallons of oil or 17,000 cubic feet of natural gas.
Source: www.nei.org › fundamentals › nuclear-fuel
Nuclear generates more than half of the country's clean energy by using uranium instead of burning fossil fuels. Uranium is an abundant metal and is full of energy: One uranium fuel pellet creates as much energy as one ton of coal, 149 gallons of oil or 17,000 cubic feet of natural gas.
Source: www.nei.org › fundamentals › nuclear-fuel
SENNA SEASON
Uranium Energy Corp having a meltdown. UECWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
