DYL 1.52% $1.34 deep yellow limited

I come in peace 1. The SP hasn't been able to hold into Oct...

  1. 1,531 Posts.
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    I come in peace

    1. The SP hasn't been able to hold into Oct except for this time.
    2. Looks like its forming an ascending pennant/triangle just under resistance which is bullish.
    3. Bounced of previous support at $1.20 strongly
    4. Some very strong continuation gaps above $1.00
    5. Has a long way to run in comparison to BOE
    6. Uranium price looks like breaking out but right on resistance so only time will tell.
    7. Uranium making 12 year highs and DYL only 2 year highs so I believe DYL will follow Uranium and make 12 years which requires a break of $1.40
    8. If $1.40 becomes support then I expect it to run similar to BOE and $2 becomes very real possibility.
    9. A break below $1.20 and it could get ugly.
    10. Uranium has give many false hopes but I do think this time is different and I was one of the naysayers only a few months ago.

    Shalom

    https://hotcopper.com.au/data/attachments/5646/5646106-c096516a049f5b7b3787c848cdbfe220.jpg



 
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