CXU (ASX) CXU General Chat

Originally posted by dc1234: ↑

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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Expand

I’d say the main aspect for gyration is simply its WA based. Doesn’t matter how brilliant the resources and management team are; if you can’t mine it. Market is pricing accordingly. Same story with TOE, brilliant resource, not soo sure about management. Either way, policy changes, you’re on multibag express.

No.	Vol.	Price($)
6	615566	2.4¢

No.

Vol.

Price($)

615566

2.4¢

Price($)	Vol.	No.
2.5¢	666173	3

Price($)

Vol.

No.

2.5¢

666173

No.	Vol.	Price($)
6	615566	0.024
6	976043	0.023
6	1829998	0.022
3	760783	0.021
5	1270000	0.020

No.

Vol.

Price($)

615566

0.024

976043

0.023

1829998

0.022

760783

0.021

1270000

0.020

Price($)	Vol.	No.
0.025	666173	3
0.026	520000	2
0.027	749666	4
0.028	273280	2
0.029	300000	3

Price($)

Vol.

No.

0.025

666173

0.026

520000

0.027

749666

0.028

273280

0.029

300000

(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $29.43M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.4¢	$26.23K	1.051M

I’d say the main aspect for gyration is simply its WA based....

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I’d say the main aspect for gyration is simply its WA based....

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