Full Stochastic indicator in the past was a reliable signal for reversal (short term). Today it is at very low levels and daily candle is a hammer (good).
As we can see, ratio URA etf divided by uranium price (UX) is at covid lows. Good opportunity to buy, but one thing can interfere- overall liquidity event in markets eg. Nvidia and techs tanking. We don't know future, but sentiment on Twitter and uranium space is toilet. Most expect further downside. As we know, seeing bad sentiment is more likely at prices bottoming, rather than topping
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peninsula energy limited
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Full Stochastic indicator in the past was a reliable signal for...
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