THE SQUEEZE IS ON, page-2457

Have we topped for this phase this week?
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An average week overall, a drop from from 1625 to 1588, so not much, still playing in the same zone. A new 52 high made this week at 1798 - very positive and bullish
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So although we dropped for the week, was there anything positive? Yes, a new 52 week high. Also most of the gains from last few weeks has been held.
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So will this be top for this phase or w will go higher? Lot depends on overall U macro play. If CCJ motors on towards 60, we could see a new high. But if it takes a breather, there is a good chance we may as well. At this stage, I would think, its best not to assume anything and follow price action. We are on a bull run, so the odds are still better to go high. But if someone not feeling comfortable, well, small breather could be in play.
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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 this week, but Friday US U markets had a very good day. The bullish run is still there, with 5 ASX U stocks making a new 52 week high on Monday, but most gave away the gains after that. CCJ too was looking a bit tentative, but had a strong Friday and keeps the hope alive for another dash to the top over 55. I have been calling CCJ to reach between 55 to 60 in this rally, it reached 54.93 this week, so theoretically has met the number I was thinking about. Weekly perspective it remained flat, which is not a bad thing. ASX U stocks no change in pattern, big stocks doing well, mid stocks average and small stocks not good. I feel this week may be defining week for U stocks, if it can hold the level, good chance that we may have an extended rally well into June, otherwise it could top here and take a breather. General market direction may also help. But U stocks in a boom period, best not to assume anything and follow price action.

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Personally in this phase I am holding from 1150 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-73895376
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