CXU General Chat, page-263

Still trying to overcome 4?
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From a weekly perspective, slight drop from 4.1 to 4 this week. No indication of breakout yet. But also not indication of losing the plot. So overall I felt, this week was neutral.
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So why is CXU not able to make same gains as some other U stocks? If you read my reports around big/medium/small stocks that I wrote last week and have again mentioned this week, that may be in play. Though I am no expert in the fields, there are much bigger players who may have a different opinion.
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This is what I wrote in this weeks report -
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• • Uranium Sector overview - Uranium stocks still doing all right, the bullish trend is on, a brief pause happened earlier this week, but Friday US U markets had a very good day. Those reading my posts I have been saying two things about CCJ since it started coming back from 39. One that it may make a new high. Second this rally may take it to somewhere around 55 to 60 before a consolidation/correction may happen. It made a new high last week, and another new high this week. Highest finish at 53.03. Has reached 53.38. So now there is just around 3 to 4% to reach 55, very achievable. One thing I mentioning for first time is I feel this rally may end in next 1 or 2 weeks. It may coincide with sell in May theory, tax transactions on ASX etc. No guarantee, I am just thinking loud on trading pattern. U market is still very bullish, hence its best to follow price action. I am playing like that, but have that theory of topping at the back of my mind. Next big rally I think in September. Also, the theory I mentioned last week that big stocks getting full benefit of this rally, medium stocks getting partial benefit and small stocks getting no benefit is still in play. It could change, and may change, but time is running out if current rally finishes in next couple of weeks. If the rally doesn't finish, there is a good chance small to mid stocks may do better than big stocks.

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Personally, I wrote last week I had exited my positions from CXU. I have not yet bought back. I still believe CXU will shine big one day. But I follow price action, and I will wait for that. For many, who are long term, it may not be the best play. But I have been open, I like to trade and look from that perspective, so please ignore my approach if you don't like it.
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For those interested how stock is tracking against other Uranium stocks or who hold multiple Uranium stocks, I do a Weekly Report across 34 ASX U stocks for more than 3 years. It has got Weekly/Yearly data how stocks are tracking. Also figures for last year. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/age-weekly-report.6580138/page-5#post-73780399