Nexgen Long
Updated
I have been waiting for a clear signal from the uranium industry for a while now, and it's hard to ask for a better set-up than what we are seeing on Nexgen. First we have a capitulation zone (red square) and then a bar close inside the range. Then we have a break out to the upside from the channel, followed by a successful retracement and new highs. Holding this for a few years most likely, but I wouldn't be surprised if this turned into a 5 or 10 bagger.
Trade closed: target reached
I took some risk off today as my initial target was hit, but I will ride the rest of my position for a few years most likely. Good trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.