Morning Yeatesy and tutes,
My views are past few weeks have seen buyers snapping up sells then recently buyers jumping the gun. Past couple down days are minor.
Aussiebulls are on candles only, nothing else taken into account and they do mention to factor in other analysis when making a decision to buy or sell.
Long term positive divergence on RSI and Macd.
Long term downtrendline touching lower highs on OBV broke to upside.
Very long term descending wedge on Spot Price of U308 now at lower trendline, if you look back over history, typically it does not stay at trendlines for to long. I expect Spot Price of U to have a small run late this year (or maybe early next year?).
Admittedly sucks when you see a couple or few down days, I'm not concerned.
juniormint have provided an excellent detailed view.
PEN Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
