Weekly Review U Stocks - 21st Jan 2022Here is the weekly review...

Weekly Review U Stocks - 21st Jan 2022

Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. As I have disclosed earlier I do hold a number of other U stocks besides AGE. This is the reason I include a number of other U Stocks in my analysis.

I was very impressed by credentials of Andrea - including being honoured as Exceptional Women in Resources. She has extensive experience in U sector. This gives me a signal that Greg feels Samphire is looking very good - so I have a feeling we may be pleasantly surprised. At due time market will take note and reward us.

For those just wanting to do a light reading, a quick snapshot can read this (couple of months old but very relevant)

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From previous week, I have removed Significant Downtrend (26/11) and Boom Start (27/08) trends as I feel we are past them.Here is the Figures and Charts that I would be elaborating:

Weekly Review

I have covered following:Weekly Percentage changeYearly Percentage Change for 2022

• Percentage Drop from Highest SP reached to current SP
• Last Year 2021 final results

Key Observations:

Weekly Percentage change

• Most stocks in decline
• Across 15 U stocks I am tracking -the average percentage loss was 9%. Last week there was a gain of 2%.
• After 4 weekly gains this was first decline across U stocks
• AGE lost 10% for the week. Last week AGE had gained 24% - so after 4 weeks we had a down week
• We got an update from Greg this week which looked very bullish
• 
  

Yearly Percentage change

• Most stocks are in red for the year
• There is no gain or loss across 15 stocks
• AGE is leading the pack with gain of 20% for the year.
• Only AEE is also doing well till now, but others are struggling

Percentage Drop from Highest SP reached after Boom Start

• All stocks below their highest SP
• Average drop is 40% (last week was 34% - so further loss here)
• AGE has dropped 43%. So now we are nearly in line with others
• To note - In previous weeks Explorers were further down compared to Developers/Producers - that gap is also being closed

MPORTANT NOTE

• Explorers are most volatile
• So chances are if things go well, they may provide highest gain
• Conversely, if things don't go well, they may have larger drops compared to others
• So an individuals risk appetite should determine which U stocks they want, based on their expectation of belief in the boom
• Shares are in a downtrend

Personally

• I had only a few trades this week
• After having sold around 25 % of my AGE previous week, I have only picked one lot of AGE - still waiting
• Also sold 1 lot of VMY, LOT
• Did not buy anything else

Weekly Ahead

SP

• After 4 weeks of Uptrend, it looks like we are in a downtrend as of last week
• AGE has made some good gains but I feel we are at crossroads. There may be a slight phase of consolidation as 50% jump is good in a short time. So expecting to see some swing

• The key numbers for me, based on trading pattern and numbers that I follow are - 5.9c , 6.7c, 7.8c and 9.2c. We need to hold 6.7c.
• AGE may get included into the Global ETF fund. Depending on % of fund expecting average around 0.5% but could be slightly low lower. 0.5% is nearly $6m, so depending on what price we are, the fund may buy up to 80-100m shares which should also provide a short term boost

U Futures Price

• 
  
• Price has moved at 45.40 - a loss of 1.10 from last week of 46.50
• Sprott has continued to buy more this week but very small
• I feel we price will hover around this level
• Other factors will need to drive the Spot price, Sprott taking over fund, NYSE listing, EU taxonomy etc

Prediction

• I think we have entered a very volatile phase due to DOW plunging so caution is required
• US stocks are not doing well and it has a big effect on ASX U Stocks
• Some of the ASX U Stocks like BMN, PDN etc are near the lowest numbers of last couple of months
• I feel it will be a topsy turvy week and we may see some wild swings
• I still don't see any strong bullish sentiment regarding SP rise - most punters are resigned to this now
• AGE has a chance that it may defy the trend due to its inclusion into Global Fund and Drill results