An important week coming for the stock. And maybe for the sector...

An important week coming for the stock. And maybe for the sector - all U stocks. Same I have been saying for last few weeks. That sentiment has not changed this week as well. So time for caution. After the PDN/PEN, it has become doubly important.
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Like last few weeks, CCJ is still testing the waters - which way will it go?
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Last 6 weeks there has been a pause. As if everyone is waiting. Nothing much has happened. Except in ASX U stocks. PDN/PEN big drop, other stocks now moving towards their 52 week lows rather than 52 week highs. So current play and sentiment is not great.
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AEE playing weak. News about PDN/PEN will not be assuring. A real test coming up for AEE. Can it assure punters that it could things differently? A work cut out for now. its now at levels 2 months back around 13/14. So all the good gains have been lost. Still far from its 52 week low of 10.5 - but things don't go right for the sector, something to watch for. Lets hope its 20s first.
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This is what I have written about U sector in my Weekly Report this week on AGE thread. 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 - CCJ in an indecisive state. Last week I wrote - consolidation mode. It played out that way this week. In consolidation. Around 4 weeks back made a new high of 58.72. Since then is playing with the lower level to see if it holds. First play of a drop of 10% has happened. As I have been writing, if it can't hold this level, a 20% drop towards 45 could happen. Till now it has held well, not given away 50 easily. From a weekly perspective, it was in green, gained around 2%.
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• So if everything is looking fine, then is there anything to worry? ASX U stocks are in turmoil. PDN and PEN, one producing and second closest to producing, showing signs of trouble. Both lost over 25% this week alone. Both made new 52 week lows this week. Dragged down most ASX U stocks with the weak sentiment. Many U stocks are down around 70% from Jan. Many are at 52 week lows or within 10/15 % from its 52 week lows. On average stocks have lost 62% from their 52 week high. This week we lost 7% across 33 U stocks I track. So numbers don't look good, especially for ASX U stocks. US U stocks doing much better. Many are within 10/15% of their 52 week high. Why such a big discrepancy? Its unusual. Mostly thing have gone in tandem - slight differences are normal. But this is big. I don't know why. Maybe ASX punters are not comfortable with U stocks. We need to see now whether this is a blip or a more serious issue.
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• Many feel, PDN/PEN is an over-reaction. Its possible. But its not easy to ignore the market. Next in line are BOE/LOT. Both down around 55% from recent high. LOT from 49 to 21.5, BOE from 612 to 286. Not good numbers. We are supposed to be in an age where U macro is one of the strongest. But most ASX U stocks very weak. Something has to change. Either macro may become weaker or ASX U stocks have to rise. Lets hope its the latter. How can U macro become weak? Besides accident, the biggest thing I worry about is Supply/Demand. We all think there is a Supply Squeeze coming. In 2018 there was a big article that Uranium Supply Squeeze is round the corner. 6 years on, we haven't reached the corner. Complete data around Supply/Demand is not available. Its a black box. Most take a guess. And most do very optimistically. How much can Secondary Supply (old reactor, weapons, etc) continue to meet the market, outside of Primary (companies producing U) , we don't know. The positive thing, with time, even if we don't have data, chances are good the squeeze is coming closer. That may be the biggest incentive for U stocks to make gains, which also may be reflected in Spot/Long-term Price. But will it happen now, next 3 months, within a year, or after at least 2 years - we don't know. So it may become a long wait. But my experience says that sector is volatile, 100/200% gains, 50/75% drops happen. So hopefully seeing that level reached by ASX U stocks, one would think we are reaching bottom. But US U stocks are towards the high. So it has become complicated now. Lets hope it gets clearer in the next few weeks