A decade later, this is still in a consolidation pattern? This puppy has been consolidating for 10 years now. IF it shoots above 16 cents (10 year monthly moving average), then we could quickly see it shoot to the top of the base.
BSK trade ideas
Blue Sky Uranium is getting ready for something BIG!This is looking like a beautiful setup and aligns well with a uranium bull run. Let's keep an eye on this one for the remainder of the decade ;).
triangle breakoutI charted the support and and the consolidation, could see a breakout Monday. BKUCF breakout soon!
BKUCF BLUE SKY URANIUM1. Recent market correction did not damage ichimoku cloud bullish pattern. Fundamentally uranium market is strong. Good opportunity to buy more.
2. Bullish symmetrical triangle in making. Very close to break out.
Blue Sky UraniumBSK, which is a high beta play for anyone wishing to get exposure to uranium stocks, seems to lag the index.
While already been a stock offering a high risk-return tradeoff, this short-term lag offers a good opportunity to enter this market as, if the correlations persists, BSK should soon catch up with its peers.
