URANIUM – URA – MED/LONG TERM STRATEGIC BUY

URANIUM – URA – MED/LONG TERM STRAT BUY by Ironman8848 on TradingView.com

Looking at the daily picture, we can identify several important information :


1) caught in a $ 23.00 – $ 25.50 trading range


2) mix of a double bottom and double top


3) currently below the Mid Bollinger Band


4) in the middle of the sideways trading range above mentioned.


5) supported by the former uptrend support line (in green)


6) still below the ongoing resistance line (in blue)


Nevertheless, recent price action from the former high @ $ 28.68 towards
$ 23.00 should be seen as an healthy consolidation move and not as a trend reversal.


Therefore, having in mind a med/long term buy strategy, dips should be seen as a good opportunity
to increase the existing long exposure for those who are already long or to initiate new positions for the others.


TRUST ME.. there is a STRONG STORY behind and it is only the beginning of the story…


Have a look at the monthly picture and you will see the upside potential, it is huge !!!


Last but not least, the better vehicle to invest in the URANIUM theme is the following :


Strategy Certificate on U3O8 RENAISSANCE Portfolio
Underlying: U3O8 RENAISSANCE Portfolio
SSPA/EUSIPA Product Type Tracker Certificates (1300)
ISIN: CH0441692628 /Valor: 44169262
Last price ( 05 .10.2021) $ 1’987. 05

Best

Ironman8848

Disclaimer :

All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied.