Have we topped for this phase this week?
.
An average week overall, a drop from from 655 to 619, so not much, still playing in the same zone. A new 52 high made this week at 675 - very positive and bullish
.
So although we dropped for the week, was there anything positive? Yes, a new 52 week high. Also most of the gains from last few weeks has been held.
.
So will this be top for this phase or w will go higher? Lot depends on overall U macro play. If CCJ motors on towards 60, we could see a new high. But if it takes a breather, there is a good chance we may as well. At this stage, I would think, its best not to assume anything and follow price action. We are on a bull run, so the odds are still better to go high. But if someone not feeling comfortable, well, small breather could be in play.
.
.
This is what I wrote in this weeks report -
- Uranium Sector overview - Uranium stocks still doing all right, the bullish trend is on, a brief pause happened this week, but Friday US U markets had a very good day. The bullish run is still there, with 5 ASX U stocks making a new 52 week high on Monday, but most gave away the gains after that. CCJ too was looking a bit tentative, but had a strong Friday and keeps the hope alive for another dash to the top over 55. I have been calling CCJ to reach between 55 to 60 in this rally, it reached 54.93 this week, so theoretically has met the number I was thinking about. Weekly perspective it remained flat, which is not a bad thing. ASX U stocks no change in pattern, big stocks doing well, mid stocks average and small stocks not good. I feel this week may be defining week for U stocks, if it can hold the level, good chance that we may have an extended rally well into June, otherwise it could top here and take a breather. General market direction may also help. But U stocks in a boom period, best not to assume anything and follow price action.
.
Personally in this phase I am holding from 455 as I wrote last week, no trades for me this week.
.
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
.
.
https://hotcopper.com.au/threads/age-weekly-report.6580138/page-5#post-73895376
.
.
- Forums
- ASX - By Stock
- SLX
- Share price
Share price, page-968
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLX (ASX) to my watchlist
|
|||||
Last
$4.72 |
Change
-0.190(3.87%) |
Mkt cap ! $1.118B |
Open | High | Low | Value | Volume |
$4.90 | $4.90 | $4.70 | $2.180M | 457.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 5484 | $4.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.72 | 4224 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 5484 | 4.700 |
1 | 438 | 4.690 |
2 | 938 | 4.680 |
2 | 2010 | 4.670 |
3 | 2210 | 4.660 |
Price($) | Vol. | No. |
---|---|---|
4.720 | 4224 | 2 |
4.730 | 438 | 1 |
4.740 | 2010 | 2 |
4.750 | 2010 | 2 |
4.760 | 2010 | 2 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
Featured News
SLX (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online