URA: Buying The Dip on Boomer Stocks
This is the year for my boomer friends to buy the dip on their favorite long time value stocks and commodities. That being said, it appears we have Wyckoff Accumulation happening on Uranium. I'm noticing a lot of dip buying with Pleiades bands widening to the buy side while we are chopping sideways.
I could see one last shakeout (or Spring) to allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds into March.
Short Term downside shakeout targets
23, 22.72, 22.26, 21.60
Longer Term upside targets
27.60, 31.20, 35.11, 40.72
Catalysts
1.) Saudi Arabia to develop 'huge' uranium resources in energy diversity push
spglobal.com/platts/en/market-insights/latest-news/electric-power/011222-saudi-arabia-to-develop-huge-uranium-resources-in-energy-diversity-push-minister
2.) Demand from other countries may increase for energy alternatives as price for oil, natural gas, and other commodities keep going up with inflation.
school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffaccumulation.png
world-nuclear.org/information-library/nuclear-fuel-cycle/introduction/what-is-uranium-how-does-it-work.aspx
I could see one last shakeout (or Spring) to allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds into March.
Short Term downside shakeout targets
23, 22.72, 22.26, 21.60
Longer Term upside targets
27.60, 31.20, 35.11, 40.72
Catalysts
1.) Saudi Arabia to develop 'huge' uranium resources in energy diversity push
spglobal.com/platts/en/market-insights/latest-news/electric-power/011222-saudi-arabia-to-develop-huge-uranium-resources-in-energy-diversity-push-minister
2.) Demand from other countries may increase for energy alternatives as price for oil, natural gas, and other commodities keep going up with inflation.
school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffaccumulation.png
world-nuclear.org/information-library/nuclear-fuel-cycle/introduction/what-is-uranium-how-does-it-work.aspx
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