The following charts show that there has been a long term upward trend in the uranium price since late 2017.
It is a CRPTO BULL MARKET!
It's so gentle that its below the conscious threshold of the market.See chart 1.
Please note post #28699788 which was made late 2017 noting the daily chart signs for an upward breakout which then occurred.This is shown on chart 2 and is the first red circle.The second red circle shows the current congestion so a further breakout is expected.
Given that we have a gentle upward trend for almost 6 months, this is likely to continue and if it takes off from the current level is likely to be at a steeper gradient.This should start to be apparent to the market consciousness by which I mean initially non specialist market pros,then their acolytes, and then the bulk of traders.At the final phase,the general public is made aware.
What does this mean for AEE? Don't know but it is in the right macro trend environment and should soon have a flow of announcements.
Chart 1:Uranium Weekly
Chart 2 aily uranium showing congestion points prior to run.
The best speaker on the Uranium Bull is Rick Rule.He speaks of how to trade this by those who care to list.
(I think that this is new- sorry if someone posted here before)
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $99.17M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $70.48K | 586.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 883276 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 247770 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10603 | 0.120 |
22 | 857287 | 0.115 |
12 | 595045 | 0.110 |
15 | 711468 | 0.105 |
19 | 1007720 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 248687 | 13 |
0.130 | 1028299 | 10 |
0.135 | 354600 | 5 |
0.140 | 605861 | 6 |
0.145 | 204526 | 5 |
Last trade - 11.16am 18/09/2024 (20 minute delay) ? |
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