Weekly data and thoughts..Please note that all my views are for...

Weekly data and thoughts.
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Please note that all my views are for short-term only, and I could be wrong, so please dyor.
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.Uranium Sector Overview-
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From a weekly perspective, BOE had another big gain of 10%, moved from 358 to 395. It also had a high of 416, representing 108% up from its recent low of 199. Last week I had written that the first level for BOE is 410 and there is a very good chance of achieving it. That was met. It reached 416. Though coming down now. But I feel that is more of a back test. It came to 386. I have written before as well, around 380 mark is a important play level. Shorts have decreased as well. Based on trading pattern of CYCLE 1 2025 (details in my last week's post), CCJ may waver a bit down next week before making a move towards the end of the week. Coincidentally, compared to CYCLE1 2024, CCJ exactly one year back finished on 50.91, last Friday 50.73 - so very close, and I feel its playing to the pattern. So it would be good to hold 380 (+/-) on any weakness. The next low level is around 335, don't think it will go there. I am hoping after 1 week we may see the move. This is just theoretical, anything can happen, so please dyor. Overall, a very strong play, and it shows no sign of abating, yet.
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If it goes to plan, then we may see higher prices. For BOE, these are the numbers I feel could be in play -
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.410 - First level, very good chance of that happening (ACHIEVED)
432 - Second level, reasonable chance,
500+ - There are no key numbers between 430 to 600, so anything can happen.
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Lets look at 3 key indicators that provide market direction for short term, same as I have been doing for last few weeks -
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• CCJ - Gained around 8% for the week, moved from 47.01 to 50.73, last week also gained 7%, so back to back 3 good weeks, gaining around 27% in 3 weeks, crucially above 50, but hold of 50 not confirmed yet. But very good chance that 45 is held now. This is the second level after first confirmation of hold of 40
• BOE/PDN - BOE gain of around 10% and PDN gain of around 2% - Still good play by big stocks, BOE on rampage
• Spot Futures - had a small gain this week and now sitting on 70.25, last week 69.80, so gain of around 0.7%, small, but above psychological 70

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So what are the numbers telling? Last week I wrote that we are on an ascendancy, and this has continued this week. Last week I mentioned how we are in Cycle 1 2025. Based on that pattern, we may top between end of May and Mid June. CCJ in Cycle 1 2024, finished at 50.91 exactly 1 year back. Today it is on 50.71, nearly exact. So the pattern I have been writing for few months is playing out. At this stage the similarity is over 80%, and if we take into consideration margin of error, I would say its nearly close. Most U stocks had a gain this week, including Spot. As I mentioned before, when the U goes up, the narrative also changes, we start hearing lot of positive news etc. So that too is happening. News, social media, you tube videos. So that part is also playing according to pattern. I see a small dip next week based on pattern, but recovery by end of week or following week. This only effects anyone playing for short term. In medium term the trend still looks good. As always, I could be wrong in all my assessments, so please dyor.

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Is there a pattern in this rise? For those who read my posts, I have always talked about patterns. They help guide entry and exit, sometimes. It is to be used as a guide only, as every play is individual and carve its own path. I know many playing strongly on fundamentals, so may not be relevant for them, so please ignore. But yes pattern is in play. We are in Cycle 1 2025. We made a low around a month back. There is a good chance we may make a high in a month's time. All about the cycle is in my post from last week. Last week I also mentioned my theory why we see these cyclical patterns, including possibly sector being played/manipulated by some. This has happened for last few years. But every year is different. Maybe this time we hold the rise. Its possible, so best not to assume, but play price action.
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Personally, As I wrote last week, I am very deep into U play currently. I am playing for the pattern of Cycle 1 2025, for more than couple of months. But I will not assume. I will wait for the price action to confirm pattern before taking a decision. This week I took some profits on a portion of my holdings. For 2 reasons. One to derisk. As we all know, there is no guarantee and anything can happen. Secondly I am playing short term pattern. I feel a small dip before the next leg, not sure about Monday, but possibly from Tuesday. If it happens I buy, else will buy higher. Will follow the price action
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So what may happen next week? CCJ along with all other U stocks are in a rampage. 3 weeks of big gains. Based on last year pattern, CCJ dipped a bit from here, not much, around 4% in 4 days before coming back. CCJ needs to hold 50 and make that as Support. The 45 level was a resistance for a long time. It should now act as Support, in worst case that the drop is slightly bigger. By end of week it should go for next leg. But last 3 week play is very strong. Alternative play could be to go a bit higher and then use 50 as support. Third play is it goes much higher, past 55 before any back test. Possible, though odds are not that high. But based on previous patterns, it may not go in a straight line. Which is good, back test solidifies the base. In last year run, CCJ made a new 52 week high at 56.24. This time target is higher. Current 52 week high is 62.55. So still some way to go. But still looking good. So let's hope, we see a good play in next few weeks.
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Here is the Figures for the Week:.
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