This investment idea is not written for the ethical investors among us. ;)
Nevertheless, I would like to show you the possible reversal in the uranium miners trend.
The monthly chart clearly observe bullish divergence (incl. Falling wedge). In addition, an inverted hammer is formed this month. If the bottom is set, then I see a lot of upside potential for the URA to perhaps $39 (+200%) in the following months. Stoploss can be set @ $10 (-20%).
Beware of the high volatility of the ETF. It will be a bumpy ride, for sure.
Nevertheless, I would like to show you the possible reversal in the uranium miners trend.
The monthly chart clearly observe bullish divergence (incl. Falling wedge). In addition, an inverted hammer is formed this month. If the bottom is set, then I see a lot of upside potential for the URA to perhaps $39 (+200%) in the following months. Stoploss can be set @ $10 (-20%).
Beware of the high volatility of the ETF. It will be a bumpy ride, for sure.
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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.