EL8 still playing hot and cold?.From a weekly perspective, a...

EL8 still playing hot and cold?

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From a weekly perspective, a slight gain from 30 to 32 this week. Volume moderate and usual.

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So what is happening? It's playing the macro. Which is not giving a confirmed direction. So it went up to 37, went down to 31. Keeping its reputation of a hot and cold stock. If things go well, it may do better. If things go worse, it may do worse.

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Personally I wrote last week my average was 29. I did get out a portion at average 36 as it played stronger than other U socks. I bought back yesterday at 31.5. Effectively dropping my average to 27. I love to trade. And EL8 gives a lot of opportunities depending on which way the wind is blowing.
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So what may happen next week? All eyes on CCJ. As I wrote last week, if it can hold 39/40 level, it's game on. Otherwise talks of protecting capital may come into play. CCJ is at critical juncture. It can go either way. Let's hope its on the up. Enjoy your weekend and all the best.