Uranium versus US EquitiesGood news:
We got the breakout and reverse symmetry move target reached.
Bad News:
Now it has lost a bunch of support levels.
Conclusion:
This will take some time to heal.
#uranium #spx
Uranium versus spxNarratives and story lines do not matter, price does!
Until the daily chart turns up, this is a waste land of under performance.
#uranium #spx
URANIUM headed higherUranium got the pullback into early Q2 into the 80-85$ zone I was looking for and now looks like it is ready to head higher once again to 100$+ and retest the $105 area and likely ne highs in coming weeks/months.
Uranium versus spx#Uranium fighting hard to regain momentum vs #Spx, trying to end its correction.
Remember, once you realize you are in a correction, you can either:
1) Stick around and hope it resolves upwards
2) Exit and let the dust settle
The second option is NEVER wrong.
$UX1! - URANIUM UPDATE...Has performed better than expected as it pushes on up. Now stretching for my next Target from the 'Bowl' Pattern B/Out which is at $118.
I am using the Wkly 12/SMA on the Uranium ETF URA (Not shown) as a warning guide for when the sector may experience some corrective action.
Uranium vs InflationMacro capital flows influence the individual price charts more than you think!
Below is #Cameco's price chart.
Largely carved out by #Uranium's capacity to out perform #Inflation.
Uranium Renaissance Solar, wind and hydro are not practical replacements for fossil fuels. Nuclear is, and U308 price is starting to reflect the sentiment shift toward the cleanest of green energies. The Fukushima incident created a selloff in uranium for nearly a decade, but the trend has since reversed.
Uranium
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.