ISENF - ISO Energy break out, good way to play uranium bullIsoEnergy has broken out above previous resistance, any consolidation or backtest would be an excellent buy point in my opinion.
Next Friday 2/9 is Cameco's earnings call where they are expected to revise production targets down for 2024 due to numerous operational issues. That's what Kazatomprom did today and the whole uranium sector was on fire. I wouldn't wait too long is what I'm trying to say.
Iso has the highest grade uranium deposit in the world with 50mlbs. There are less than a handful of world class deposits like this and it will be a juicy target for acquisition. If the uranium bull thesis continues to play out as expected, this one will be a star.
Time horizon would be 1-3 years. Price target would be $10-20.
I am very passionate about the uranium bull market that is in progress and I strongly believe it has a very long way to go still, feel free to ask any questions.
Cheers!
ISO trade ideas
Price finally chases the inflating element UranniumIn the Uranium market, to keep all atomic plants going, the offer must improve. There was a good interview on Kitco News explaining the current movement. These low prices are not even worth mining for some companies and not enough volumes of Uranium are on the market as a result.
All Uranium stocks I've got on my watchlist grew significantly with ENCUF and ISNF leading the market. I expect this rally to continue, but I also hope there is going to be a short break before the continuation as I want to buy some more.
From the technical perspective, ISENF broke above 6 months' consolidation high rallying 97% in 14 days. That's a lot...
Anyway, I would only buy if the retracement is big and convincing. There should still be some time to reaccumulate. While mining output is insufficient, there is still enough Uranium to keep going for a long time.
Good luck!
ISENF ISOENERGEYIso energy is flexing its muscles again was up 13% at some point during a day. Stochastic crossed over to an upside but RSI need a breakout. We have few resistance lines along the for a price action. We are still below 50DMA.
ISENF ISOENERGY LTDThis chart looks healthy. The price has bounced off 50DMA for 6 trading days. We are still in uptrend. All indicators are above Green ichmoku field which is a good sign. Ascneding pattern is at 22 degrees.
