CCJ needs to hold 39/40. For SLX, first signs of confirmation of reversal is around 490. Before that any rise can reverse, on macro though. Lower side, a hold of 413, we touched couple of times this wekk, but it held. Rest is usual noise including technicals/sentiment playing around. Signs of bottoming happening. Lets hope we get some confirmation this week. I feel SLX playing U macro at this stage, instead of carving its own path and direction.
For those interested how stock is tracking against other Uranium stocks or who hold multiple Uranium stocks, I do a Weekly Report across 33 ASX U stocks for more than 3 years. It has got Weekly/Yearly data how stocks are tracking. Please look at my other posts for that if interested. .
SLX Price at posting:
$4.25 Sentiment: Hold Disclosure: Held
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