El Capo, the way I read it is that the U index (from mudguts) which is related to U company prices which is showing an increase aligns with your wave 2 U low price for 46.5 (which appears to have been just met). That is the market is anticipating increasing U prices from now on (or just before) the U low with the market reinvesting in the U companies that are likely to see gains with rising U prices.
At the moment PEN are lagging the bunch (U index) so when we do get news I expect a nice little correction.
My simpleton's view so please DYOR.
uranium miners breakout: competition may arise, page-5
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Last
6.3¢ |
Change
0.005(8.62%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.4¢ | 5.9¢ | $2.761M | 44.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1579174 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 387641 | 6 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |