PEN have it's own story but it is connected to overall ASX and uranium market. Even if it is in US, it is traded as ASX.
When SP500 goes down, most of stocks do the same.
Now SP500, Nvidia, Bitcoin and Uranium ETF did retrace to strong supports:
SP500 futures on standard scale:
Nvidia:
Bitcoin:
Blood is on the streets. Extreme fear.
Uranium sector is in confluence with SP500, Bitcoin etc. RSI is at very low.
Uranium UX price is also at low RSI reading:
SPOT is once above and once below longterm.
Highest liquidation volume was a week ago at Sprott physical trust. Someone capitulated:
Morgan Stanley in 2024 was bearish on uranium. Now is again bullish:
In my opinion, market are set to bounce. Maybe again risk on will be in cards:
funny coincidence with 2009 bottom:
PEN have it's own story but it is connected to overall ASX and...
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Last
62.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $98.97M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| PEN (ASX) Chart |
Day chart unavailable