Uranium price started to Boom, page-2860

All U Stocks globally are on this low rate downtrend, especially in the last 3 weeks.

The fundamentals and macros are getting strengthened every day, so this downtrend seems to be an anomaly for a large number of punters.

Its at a stage where many are perplexed and trying to determine the cause but few have come up with any reasons that provides conviction. Its coming to a stage where individually each of us have to think what we feel about the so called "boom" and weigh in with our risk appetite.

Because of the macros, I always feel that a turnaround is just around the corner, but it has eluded for few weeks. It has become difficult to say what will be the catalyst that will provide this, or these downtrends will wear out after doing its due course.

AGE is in its very strong support/buy zone so needs to hold here. There have been 2 days of decline, so hopefully US stocks rebound, lets see if that happens. We need one very strong day this week to reset, most likely has to be tomorrow if US do well. Lets hope and all the best.