(URA) Uranium ETF Monthly Outlook
Expecting a breakout in March/April 2023 as the price is beginning to touch spiral support. A sideways support structure is being built.
If the spiral is broken expect the orange spiral to act as support. Otherwise, price should begin to be attracted to the red overhead resistance spiral.
This is a long-term outlook.
Bullish: 46 is the next level of resistance (2023-2024), and once cleared 63-69 zone is on deck (2025-2027).
Bearish: Price fails the current support spiral, falls to $12, and then price works back to the green spiral.
Holding the current support spiral is key.
If the spiral is broken expect the orange spiral to act as support. Otherwise, price should begin to be attracted to the red overhead resistance spiral.
This is a long-term outlook.
Bullish: 46 is the next level of resistance (2023-2024), and once cleared 63-69 zone is on deck (2025-2027).
Bearish: Price fails the current support spiral, falls to $12, and then price works back to the green spiral.
Holding the current support spiral is key.
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