May I offer an opinion based on facts...
92E is at an infliction point where it may well capitulate or it may turn around.
However, here is what worries me;
1. It has reverted back to the gap from September.
2. Indicators are both very low.
3. It is not even above the very basic of MA lines (orange 3MA).
From other perspectives it has had a very good run since listing at at 20cents and no stock will always just go north.This is experiencing a pullback.
Performance
|
Column 1 |
Column 2 |
| 0 |
1 Week |
-16.79% |
| 1 |
1 Month |
-22.14% |
| 2 |
2021 YTD |
+91.23% |
| 3 |
1 Year |
+91.23% |
| 4 |
vs Sector (1yr) |
+96.92% |
| 5 |
vs ASX 200 (1yr) |
+81.77% |
You can assume there is some correlation between the price declining and the corresponding decrease in USA Uranium prices as per the following graph, which also commenced receding from mid September.
