Uranium price started to Boom, page-2123

I did a similar analysis around 24th of September where we compared the prices after falling from the highest price reached.

This is my take of where we are, following similar pattern. As mentioned before this sector is volatile, so please dyor and be comfortable with your position. At this stage I am happy to keep holding/buying.

	STAGE 1 17th Sep			STAGE 4 15th Oct	STAGE 2 7th Oct	STAGE 3 13/14 Oct
As at 24th September				Current - 15th October	Lowest - Around 7th October	Recovered Highest - Since 24/09
Stock	Highest Price	Price	Fall Percentage	Fall Percentage	Fall Percentage	Price	Fall Percentage
AGE	11.5	7.6	34	39	49	8.2	29
PDN	112	83	26	28	40	92.2	18
BMN	41	26.5	35	10	39	43	-5
BOE	36	27.5	24	25	38	30.5	15
PEN	35	25.5	27	24	41	30	14
VMY	27	20	26	26	33	28	-4
92e	115	76.5	33	37	43	83.5	27
DYL	137	108.5	21	23	37	115	16
LOT	35	27	23	27	30	30.5	13
VAL	2.5	1.8	28	36	44	1.8	28

My take of where we are -

We are in 4th Stage of this "boom", hopefully

• Stage 1 - 17th Sep - Reached the highest price
• Stage 2 - 7th Oct - Fell highest from 17th Sep Stage 1
• Stage 3 - 13/14 Oct - Rose highest from 7th Oct Stage 2
• Stage 4 - 15th Oct - Fall from Stage 3 rise

Observations

• Except for BMN, we are at same stage as when I did the initial analysis on 24/09
• Meanwhile we dropped further, made a recovery and crossed this price and dropped slightly lower now
• Both BMN and PEN crossed their previous highs, rest trending similar.along 2 groups. Hence I feel we could rise higher as to do some catching up.
• Incidentally U price is also trending similar - Stage 1 - 50.8, Stage 2 - 37.5, Stage 3 - 48.5, Stage 4 - 47.2

What can immediate future look like

• Stage 4 - I feel we are close to bottom of this phase around 7 mark
• Stage 5 - This should be next rise and should kick of soon. In this rise we should make a higher than Stage 3 rise of 8.2. I am thinking it should be close to 9.
• There are some commentary made around Great Britain going to next stage, France collaborating with Poland etc - those news along with Sprott and U price will drive Stage 5.

Global factors are in play and as we can see, most of the U shares are trending similarly. Chartists will also confirm that.

At micro level we can see some different groups forming. Micro factor for each share will drive certain stages. Ours will come in big way in November when the

Disclosure - Reason I am looking at everything is that although my largest holding in U sector is AGE, I do hold some other ones as well. Also at this stage nearly all shares including U price is trending similar. May be a feature of the "boom" itself. All the best and lets see if we see a Stage 5 shortly.