LOT Chart, page-231

Will there be a big push or consolidation?
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An average week overall, a small gain from 46 to 46.5, so not much, still playing in the same zone. To me it smells of consolidation. A big rise has happened. Its good to let punters play out and get comfortable with the price.
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So although we dropped for the week, was there anything positive? I still feel plenty. 430 held.. US u on rampage on Friday. CCJ make a new high this week. Very good chance that we may get over 48 this week and make a new high.
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This is what I wrote in this weeks report -

• • Uranium Sector overview - Uranium stocks still doing all right, the bullish trend is on, a brief pause happened earlier this week, but Friday US U markets had a very good day. Those reading my posts I have been saying two things about CCJ since it started coming back from 39. One that it may make a new high. Second this rally may take it to somewhere around 55 to 60 before a consolidation/correction may happen. It made a new high last week, and another new high this week. Highest finish at 53.03. Has reached 53.38. So now there is just around 3 to 4% to reach 55, very achievable. One thing I mentioning for first time is I feel this rally may end in next 1 or 2 weeks. It may coincide with sell in May theory, tax transactions on ASX etc. No guarantee, I am just thinking loud on trading pattern. U market is still very bullish, hence its best to follow price action. I am playing like that, but have that theory of topping at the back of my mind. Next big rally I think in September. Also, the theory I mentioned last week that big stocks getting full benefit of this rally, medium stocks getting partial benefit and small stocks getting no benefit is still in play. It could change, and may change, but time is running out if current rally finishes in next couple of weeks. If the rally doesn't finish, there is a good chance small to mid stocks may do better than big stocks.

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Personally in this phase I am holding from 38 as I write last week, no trades for me this week.
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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-73780399
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