Uranium Energy Corp.Short
Bears are Hungry for UEC
Trying out the trading volume on large gainers. My hypothesis is that since they had such high trading volume the previous day,It's either due for a retracemnt or extension and I'll determine that by what the technical story tells me.
Fundamentals: This had a trading volume on Friday of 29.117M and on average has 7.296M
Technicals: Gap In price movement, so it should fill in, Bearish rising wedge
Indicator: we have MAJOR bearish divergence on the RSI, and with tells me that the pendant isn't a bullish pendant but a bearish rising wedge.
Fundamentals: This had a trading volume on Friday of 29.117M and on average has 7.296M
Technicals: Gap In price movement, so it should fill in, Bearish rising wedge
Indicator: we have MAJOR bearish divergence on the RSI, and with tells me that the pendant isn't a bullish pendant but a bearish rising wedge.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.