There’s plenty of merit in charting BUT when you dig slightly...

There’s plenty of merit in charting BUT when you dig slightly deeper the chart will often reflect the larger picture, fundamentals or macro etc.

Theres a few here that ‘got out’ at $6 or so. Good for them. Well played. That’s the game, but none of them would’ve predicted uranium price dropping as much as it did. In other words share price is simply following the larger picture.

If we had of broken through that $6 range we’d have headed towards $7. It would’ve followed a uranium price trending towards $130. That was equally if not more foreseeable when spot was around $105.

Ive held plenty since 2019. Many runs up and down. Twice we hit $3 only to go back to $2 and I wish I trimmed. I held and saw higher prices.

For me the equation is simple. Do I see higher uranium prices? Yes. So charts are irrelevant in this case as higher uranium will see higher share prices.