EL8 CHART, page-692

An important week coming for the stock. And maybe for the sector - all U stocks.
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U sector is doing great. U stocks very well. EL8 comparatively, not great. And its not to do with EL8. Most small to mid cap U stocks are not doing as well as the big stocks. Its a pattern. Unfortunately very evident now. But it could change suddenly. And it will. If CCJ continues and gets over 57. I had written last week that EL8 needs to get over 42. What did it do? Reached 41.5. So still hesitant.
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Personally, 2 weeks I wrote that I have exited at 38.5 at around 25% gains. I have not yet bought back. I want to see a strong price action. Happy to pay higher. for me trend is more important than price.
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This is what I have written about U sector in my Weekly Report this week. Anyone more interested in other sectors, general markets, etc, look at my other posts around the weekly report, as I write that on one thread only.
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• Uranium Sector overview - I have been writing for last few months months, May end top, July end bottom, September end top. I had written we may do highs in September end/October start. CCJ reached 52 yesterday, a gain of over 50% in a month (it was 35 on September 6). So that has played out exactly as I thought. I am no Nostradamus. I have been writing about Uranium stocks for over 3 years. I do the numbers, weekly/yearly etc. This is the 4th year in a row that September has seen the highs in the Uranium sector. May not be scientific, but its a pattern. I follow patterns. They don't always work. But sometimes they do. The did this time. And I may have been lucky once again with my call. So will CCJ do a new high above 56.24 or do a back test of 45 - which one will happen first? I don't know. U sector is very bullish, Spot price stable. Sentiment good. So the rise can still happen. Only problem with a continuous rise is that if consolidation doesn't happen, when it comes back, it drops big. Its been rising for a month, most stocks have gained average 50% (some more, some less). I have taken some off the table. For 2 reasons. First i feel a consolidation/back test may happen, not sure but odds are even. Secondly Li sector started coming back. U sector had risen. So I thought, if Li sector does well, it may do better. There are lots of ifs, no guarantee. I will buy back U stocks I sold, I am not sure about the timing.