Sprott Physical Uranium Trust - Ascending Triangle Winning Sprott Physical Uranium Trust $SRUFF
✅ 41% increase since entry @ ascending triangle
breakout
🎯 Target remains 0.618 Fib Ext at $30.00
❌ Stop Raised to $20.00 guaranteeing 23% profit
I may exit this trade earlier if diagonal is breached.
Had a much larger entry planned for green zones, never happened. Thats ok though, thats why initial position size was small, so this trade is only a small win.
PUKA
Sprottphysicaluraniumtrust
SPROTT PHYSICAL URANIUM TRUSTPOSITION TRADE
U.UN (TSE), SRUUF (OTC)
Catalysts:
The uranium market is in structural supply/demand deficit despite nuclear energy being an essential and growing form of clean energy.
Financial players and a utility contracting cycle mark near-term catalysts.
I expect both physical uranium and uranium producer baskets to aggressively outperform over the coming 1-3+ years.
Financial players significantly escalated their role in the uranium market, in particular, the Sprott Physical Uranium Trust (OTCPK:SRUUF). This trust exists to provide investors exposure to physical uranium, but in so doing, they take and sequester physical pounds from the market. Note that Yellow Cake plc (OTCPK:YLLXF) is a similar trust for UK based investors, although it is much less active in purchasing uranium.
SOURCE : Uranium: Potential Trade Of The Decade, SEEKING ALPHA, Live Hard Investing, Feb. 10, 2022
seekingalpha.com
SPROTT Physical Uranium Trust. A Simple Short-Term Trade.TSX:U.U is showing an ascending triangle on the hourly that spans the past eight trading days. This is a simple trade with the stop loss below the swing low and the target at the height of the triangle. Gives us a 6.83% potential profit to 3.1% potential loss, a reward-risk ratio of 2.22. Of course that depends on whether the triangle breaks upwards in the first place. If it does, we have a confirmation and the trade is on. I anticipate it going up because the Dollar is weakening and commodities are going up. Good luck with the trade.