1. 20DMA is crossing 50DMA in a downtrend pattern.
2. We are sitting right at the support line and Stoch indicator stating that we are in an oversold territory
3. Uranium sport price is not increasing while is the reason why we have recent sell offs plus red market is adding more pressure.
It is very tempting to sell and buy at a lower price but one never knows...
DNN has been holding well the last 4 days. More buyer than sellers but not much. We need to break above the resistance level and then move above $1.30. Ichimoku cloud needs to turn green for an uptrend move. Looking good IMHO.
