The Global Uranium Miners ETF has made a breakout on the upside of its cup and handle formation, suggesting further upside move. Fundamentals look solid too, for example:
With both fundamentals and technicals looking extremely bullish, I have no doubt in my mind this will run to at least $120.
- Reactor restarts in Japan
- News of China building 150 new reactors in the coming decade
- Spot price of uranium increasing by double digits in past months
- Etc…
With both fundamentals and technicals looking extremely bullish, I have no doubt in my mind this will run to at least $120.
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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.