AEE 8.82% 15.5¢ aura energy limited

Ann: Sweden initiates inquiry to overturn uranium mining ban, page-268

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  1. 4,827 Posts.
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    An important week coming for the stock. And maybe for the sector - all U stocks.
    .
    U sector is doing great. U stocks very well. AEE has come alive. It wants to get over CR price of 18, I feel. And I have a feeling it will do so.
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    Personally, last week I wrote that I had exited AEE. In hindsight, that was premature. It did well after that. I don't get all right, and this one I didn't. U sector and stocks make 100/200% gains, and then give away, not only that, but much more, so I apply caution, take profits. May not be best play, but has worked well. I don't maximise, but its all about being in the front. AEE is played by big holders. The volume is such taht they can easily doe 20/30% swing without any issue. But works on downside as well. But currently I have a feel, they want to take it to 20s, at least so that CR holders are in front. If U sector behaves, if CCJ gets over 57, that may certainly happen.
    .
    Personally I am watching, more U sector than AEE, as I feel AEE may follow that. But I may buy, when, at what price, I don't know. So lets see.


    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.
    .
    • 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.

 
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Last
15.5¢
Change
-0.015(8.82%)
Mkt cap ! $128.1M
Open High Low Value Volume
16.0¢ 16.5¢ 15.5¢ $128.1K 808.3K

Buyers (Bids)

No. Vol. Price($)
5 250434 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 100000 1
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
AEE (ASX) Chart
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