UUUU Can Benefit Long Term LongThere are several stocks that are worth considering in this bottoming of the Uranium cycle. Some have better looking charts than others, and some have held up better than others. Yet, I've decided to go with $UUUU, even though it has not held up best thus far.
Technically, we may have just seen a capitulation-esque move, setting up the last best chance to get in. I was able to average in on January 31 for $1.41... (bringing my average entry to $1.71) but am posting this now at $1.68.
There is bullish divergence set up on this weekly chart with MACD and RSI printing a higher low, coinciding with the most recent low in price.
Also, see the yellow line for average volume, which has clearly ticked up since 2017 levels and the notable spike since June 2018.
This all looks very bullish to me long term.
I don't have a target in mind yet, but buying and holding unless and until there is a monthly close below $1.20.
Fundamentally, Energy Fuels (UUUU) not only can benefit from the long term resurgence of Uranium, but also is positioned to benefit from its Vanadium.
These prospects are increased all the more by the global push for the 'green' economy... regardless of the actual merits behind such push.
A recent short video from Francis Hunt is titled " Oil is Dying ".
Why fight the big money?
May this post be of use to you.
In God's Will
UIOGD - JMJ
