The macro view of Uranium is that the slack demand will eventually start to tighten (note the word “eventually” with patience) and that the sector has a future in clean energy and EV. For NFTRH+ purposes however, let’s just get a look at some daily charts that have been taken down hard lately (click for sharper view).
The Uranium holder has lateral support from 2018, a would-be gap fill at 4.05 and some minor positive divergence on RSI.
The Uranium ETF could be putting in another intermediate low within its ongoing downtrend, although it filled an upside gap yesterday. It is not actionable, but it is set up as if it can bounce.
The now oversold CCJ has a would-be gap fill and 2018 support just below 9.80. That could be a good buy.
NXE has tanked to new lows for the cycle but is still well above a higher low to the major 2016 low. This one actually has an upside gap (not colored in) at 1.55. A weekly chart would show it at a support area from 2016.
FCU.TO actually filled an upside gap yesterday and then sagged again. Not an actionable chart at this time.
DNN popped hard but on light volume and is also not technically actionable yet.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.