Trade Idea | UEC | Uranium Energy Corp | Long
Updated
Long Entry: $7.50
Stop: 6:00
We will be taking this trade right after a minor pullback from this current level of $8.56.
I think there will be more potential upside on this stock as every countries are increasing the power demand due to AI development.
We are now seeing nuclear power revival as uranium energy can produce more energy compared to coal.
Stop: 6:00
We will be taking this trade right after a minor pullback from this current level of $8.56.
I think there will be more potential upside on this stock as every countries are increasing the power demand due to AI development.
We are now seeing nuclear power revival as uranium energy can produce more energy compared to coal.
Trade active
Limit buy bid filled at $7.45 this afternoon.
Now all we need to do is follow the trading plan above. I will add again slowly all the way up.
Manage your risk through proper size position.
Note
Today, I increased my shares position size and also added call option contracts with 15 strike expiry June 20, 2025 at .37/contractNote
Bullish Thesis : Russia (which account for the 40% of global supply of uranium) pulled out the export license for the companies that sends enriched uranium to the US for use in nuclear reactors. It is not clear if or when they'll be back again. Note
Happy Thanksgiving to all of you!
Yesterday, I bought $9 call strike at .70/contract with a Feb 21, 2025 expiry.
Remember, manage your risk with proper size position.
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