EFR
EFR (UUUU) exit levelsTSX:EFR or AMEX:UUUU are the same stock (the leading uranium mining and developing company in the USA).
Good news: they got a confirmed order of $150 million worth of government purchases of uranium.
Bad news: it will start in 2021
Don't want to wait until 2021 so have decided to exit from this stock for now and check it out in Nov-Dec 2019.
The exit levels are above. Set up my exit at $2.43
UUUU - Could Go Either Way Short Term; Bullish Long TermClosed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only vanadium produced in the US.
The section 232 for Energy Fuels will be absolutely massive if approved and based on Trump's previous policy, that seems fairly likely. However, if denied it will destroy a lot of enthusiasm. The 232 was filed Jan 16th, 2018, and they were federally inspected a couple months ago. Once an investigation is started (started in July 2018), the final decision must be made within 360 days.