Hello PB.....hope you are doing ok
Uranium stocks need a breather... an opportunity to buy as we fill gaps and re-test
The other sector worth watching if you are a believer in a the metals bull is mining services. The stocks I follow in this sector are suffering from poor sentiment in general related to takeover and cap raise digestion, coupled with fear of margins getting squeezed and relatively minor litigation issues.
Trading these stocks will never give you the multiples of trading the small caps but usually provides a reliable trade.
Now more robust and broad-based businesses following the takeovers, rising metal prices and the governments proposed infrastructure spend should all help turn these around in the short to medium.
View attachment 3176723NWH coming into serious value territory. If it hits $1.50, represents 50% decline from the recent high.
View attachment 3176738MLD came back into significant support and congestion zone, coinciding with a big washout on relatively insignificant -ve news, big hammer down with volume, oversold on the techs. I bought on hammer day.
View attachment 3176753SXE back into the long term congestion zone, following another volume washout, and being accumulated for the past months in a lovely flat bottom. Oversold on the techs. I am also a buyer at these levels.
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