CXU 14.8% 2.3¢ cauldron energy limited

Is CXU playing the sector?.From a weekly perspective, slight...

  1. 4,292 Posts.
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    Is CXU playing the sector?
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    From a weekly perspective, slight drop from 4 to 3.7 this week. At this stage, the best efforts are trying to see that we hold the level, rather than breaking out towards 5.
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    I wrote this last week - "So why is CXU not able to make same gains as some other U stocks? If you read my reports around big/medium/small stocks that I wrote last week and have again mentioned this week, that may be in play. Though I am no expert in the fields, there are much bigger players who may have a different opinion.". This week play is reinforcing what I have been saying around patterns of play for big/medium/small stocks. It could change. But for now it cannot be ignored.
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    This is what I wrote in this weeks report -
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        • Uranium Sector overview - Uranium stocks still doing all right, the bullish trend is on, a brief pause happened this week, but Friday US U markets had a very good day. The bullish run is still there, with 5 ASX U stocks making a new 52 week high on Monday, but most gave away the gains after that. CCJ too was looking a bit tentative, but had a strong Friday and keeps the hope alive for another dash to the top over 55. I have been calling CCJ to reach between 55 to 60 in this rally, it reached 54.93 this week, so theoretically has met the number I was thinking about. Weekly perspective it remained flat, which is not a bad thing. ASX U stocks no change in pattern, big stocks doing well, mid stocks average and small stocks not good. I feel this week may be defining week for U stocks, if it can hold the level, good chance that we may have an extended rally well into June, otherwise it could top here and take a breather. General market direction may also help. But U stocks in a boom period, best not to assume anything and follow price action.

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    Personally, I wrote couple of weeks back, I had exited my positions from CXU. I have not yet bought back. I still believe CXU will shine big one day. But I follow price action, and I will wait for that. For many, who are long term, it may not be the best play. But I have been open, I like to trade and look from that perspective, so please ignore my approach if you don't like it.
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    For those interested how stock is tracking against other Uranium stocks or who hold multiple Uranium stocks, I do a Weekly Report across 34 ASX U stocks for more than 3 years. It has got Weekly/Yearly data how stocks are tracking. Also figures for last year. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

    Here is the report for this week.
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    https://hotcopper.com.au/threads/age-weekly-report.6580138/page-5#post-73895376
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Last
2.3¢
Change
-0.004(14.8%)
Mkt cap ! $28.21M
Open High Low Value Volume
2.7¢ 2.7¢ 2.3¢ $103.2K 4.198M

Buyers (Bids)

No. Vol. Price($)
4 922350 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 647196 3
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
CXU (ASX) Chart
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