FCUUF trade ideas
Found a bottom? $FCUUFLooking like $FCU has found a bottom (broke out of the descending channel) as accelerated by the drop in the market as a whole in mid March. Next level to re-test would be the 0.12 and then a break to 0.15. While this stock has disappointed investors for quite awhile I am very bullish on this company moving into the next U bull market. LONG.
Reversal coming soonIf we take a look at this down trending stock we can see lower lows, but if we take a look at the RSI we can see that it is making higher lowers indicating a bullish divergence . The histogram on the MACD is getting smaller and smaller, so selling pressure is getting weaker and weaker. I would not enter right now but wait and see how it progresses as it flattens out, but overall in the long term it looks very bullish .
Fission uranium, one of the best uranium stock on saleFission is one of the most successful exploration companies in the uranium sector. It has one the most world's shallowest undeveloped ultra-high grade uranium deposit. It has great fundamentals at a cheap price.
From a technical perspective, the RSI made a second higher low while the price made another low. This indicates a possible reversal of trend, the stochastic also crossed to the upside. While the uranium sector gains traction this stock should follow soon.
When the price breaks the 21 yellow moving average we have another confirmation of the trend reversal. A possible entry is coming soon.
Fission Today CEO Dev Randhawa bought 50,000 shares to bring his holdings to nearly 5 Million shares &
President/COO Ross McElroy added 15,000 to his over 2 Million shares.
Are we closing in on the bottom?
URANIUM: Fission Energy is a BUY and hold for 5 years+Uranium is my highest conviction idea and consumes a large portion of my book. This is the beginning of a longer-term bull market of 5 to 7 years, don't worry about the short term!
***DONT over leverage!
Only page 6 is of interest to me, heheIf you like analysing company financial, read this fissionuranium.com
Chart wise, this is what I see now. I am putting it in my watch list and monitor the price action later this week.
Have a good trading day.
