This stock is really starting to look like a cocked spring!! Looking forward to the next few months action and the coming news.
DYOR but it has all the goods. 8 mill in the bank, only 105 million shares, (MC of 20mill), with top 40 owning 57% (from memory), very good Iron ore and U intercepts and REE on the cards too. Too much to mention....
Technically it has confirmed support at 16c and looks set to break resistance at 20-21c which is currently minimal. Been in the doldrums for too long and I also feel the stale bulls have all been washed out. Not much headwind anticipated for UTO IMO. The asecnding tringle target that I am working to is 20-12=8c therefore 28c but it probably has more juice in the tank.
On balance volume is up over the last 6m suggesting accumulation. MACD, RSI and Stioch all looking favourable and the monthly looks ready for a run too.
IMHO this is being watched very closely by someone while it appears hot copper and the rest of the market is asleep. I like to get in when volatility is low. All the ducks lined up here.
A ride worth being on if you ask me. :) DYO and GL.
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