PEN peninsula energy limited

Full Stochastic indicator in the past was a reliable signal for...

  1. 332 Posts.
    lightbulb Created with Sketch. 87
    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).

    https://hotcopper.com.au/data/attachments/6439/6439317-284bb3f4f53dbf49c4899a599163fd15.jpg

    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

    https://hotcopper.com.au/data/attachments/6439/6439330-47fc801777577a34a54e82c7360b75e9.jpg



    Last edited by Tomaszabc: 06/09/24
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.