Uranium is Ready to begin its Easy PhaseUranium has been correcting and frustrating traders for 14 months. The sentiment levels should be reset now after correcting and the easy money phase of maybe a year is near.
Centrusenergy
LEU(CENTRUS ENERGY) and LTBR (LIGHTBRIDGE) LONG LONG LONGLEU seems to be undergoing a continuation from its prior move months ago, while LTBR seems to have completed a 2 decade reversal pattern and conformation to hold the breakout is key
🔍💡 Centrus Energy (LEU) Analysis 🌐⚛️📊 Company Overview:
Centrus Energy operates as a supplier of nuclear fuel for the global power industry.
💼 Potential Contract:
U.S. Department of Energy seeking bids for a domestic supply of enriched uranium fuel for next-gen reactors.
Centrus Energy considered a strong contender for the lucrative contract.
💰 Market Dynamics:
Increased demand for uranium, especially in nuclear energy.
Uranium spot prices at $92 per pound, the highest since 2007.
📈 Outlook and Entry Point:
Bullish outlook for Centrus Energy.
Suggested entry above the $48.50-$49.50 range.
🎯 Upside Target:
Upside target in the $72.00-$74.00 range.
📣 Conclusion:
Centrus Energy poised for growth amid potential government contracts.
Strong demand for uranium contributes to positive market dynamics.
Bullish outlook with suggested entry and upside target.
Stay informed for further developments! 📰💹 #CentrusEnergy #LEUAnalysis #MarketWatch 🌐📊
