ENERGY FUELS (UUUU) - Weekly Shaping-Up
Despite a challenging and difficult environment for Uranium, Energy Fuels (UUUU) broke-out two (2) weeks ago and is starting to show some signs of life.
While the Uranium sector as well as numerous Commodities overall have certainly lost the eyes of many an investor/trader, UUUU has caught our attention from a technical standpoint as well as having just released earnings two (2) weeks ago, which were positive.
From an intermediate and longer-term time-frame, we believe that UUUU has $5 - $5.50 potential for those swing/position investors/traders.
While we could envision a pullback to the $2.75 - $3 area, if such were to materialize, we believe that such level/s provide for a decent risk/reward entry.
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.