Last week we noted that Uranium looked interesting. This week it looks interestinger-still.
URA is poking the zone about which we’ve noted in July 2nd’s ‘online edition’ NFTRH 454…
“The 1st resistance point is the sideways-going SMA 200 (currently 13.84), which halted the last bounce. If this gets above 14 be on alert for a new, extended U trade.”
Head fake or real? Dunno; only know that I am still holding it.
Meanwhile CCJ, also highlighted in the post linked above, has popped to the wedge top as expected and unsurprisingly, pulled back a bit. The real action could come into play if it can break the wedge.
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