When PEN will be $1 again, page-516

There appears to be no general Uranium thread so I'll just post this on the only Uranium stock I'm holding.

The Uranium Price has been in a definitive upward trend for the past few years.

This consists of higher highs and higher lows.

From a charting perspective it means although there are pumps, the price always stabilises above the last point of support.

Hence, even if the Uranium price or the stock price falls tomorrow or in 3 days etc., sooner or later it will always recover to the moving average, making Uranium a good long term hold from a charting perspective.

If there's no breakout spike, the trend line is pointing to an eventual price of 60 USD/Lbs in around 2 years.

Of course, anything unexpected could happen to companies so this isn't financial advice.