ACB 0.00% 6.8¢ a-cap energy limited

Yep that's pretty annoying - but it has also lead to a great...

  1. 96 Posts.
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    Yep that's pretty annoying - but it has also lead to a great buying opportunity.

    If you look at the Uranium spot chart, there is an almost perfect cup formation and we are currently forming the handle (which is handily forming in the current market downturn).
    As soon as the market turns "risk on" again I expect this chart pattern to play out perfectly which should result in the Uranium spot price hitting at least $44.

    With ACB being such an illiquid stock a run on Uranium shares could see ACB easily top 10cents.

    This is all imo, but I have been watching the Uranium chart avidly lately and as soon as it bounced from its lows I predicted it would halt at roughly $36 and start trading sideways for a while (forming the handle) and sure enough this is whats happened.
 
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