CCO trade ideas
wedge into an IHNS?I believe nuclear energy is an overlooked sector that will have some potential in the future as we try to get off oil.
There are many way to look at this chart that leads to the high confluence of a single point.
1) If we were to ignore the march crash and connect the two lows we can see support that happens to align at 10.15
2) this same spot happens to be at the 0.618 fib
3) this could be an abcde correction/ wedge that where the bottom of the wedge happens to intersect.
4) This could mature into an inverse head and shoulders if the wedge plays out.