In fact, it’s no longer a watch list item (as noted in NFTRH 896). It’s now a holding, as I bought it earlier this morning. But the chart is representative of what I’d like to see from buy candidates in the commodity/resources sectors.
UUUU is a combo of Uranium production and REE processing, located in the US. It was one of the prime players in the US located critical minerals space in 2025 until it topped, got hammered to a full 62% Fib retrace of the previous rally, and then formed the pattern. It poked through the neckline on Friday and is following through today. Hence why I had to get grabby with it this morning.
If it retraces to 16.60 or so that could be a good buy level. Again, I chased, but am not recommending that unless you, like I, really want the stock. The target by its measurement only projects to 21. So not much headroom going by that. But I am not going by that. I am going by the prospect of a wider commodity related rally in January. If that prospects fades, so will my conviction.
But I liked the pattern and wanted to present it as an example of what we can look for in other stocks.
NFTRH+ trade setup ideas are presented for consideration and further research only, not as recommendations. I may or may not personally take positions in all or even most NFTRH+ ideas, as it would depend on my portfolio composition at any given time. “Stop loss” and target levels are usually noted and should be respected.
