AMEX:URA * Seems URA will GO UP * Short term trade * My target 5%
Can Uranium start its next leg? Well we have few resitances nearby as marked by blue lines .
Is the renko chart trying to tell us that this is where we should add to our postion??
Global Uranium ETF cmp $29.12 1) Shorterm Buy SL $26.23 Target $31.43 - $32.29 Bullish Rising wedge patterm 2) Longterm invest like SIP for 5+ years Bullish uptrend 3) World's most power consuming countries are now shifting from Coal based to Nuclear based power plants Prepared by Vivek Kolte Lakshy Assets Service
Uranium prices seems to have contracted and could soon provide a good and strong break out. The possibility of an upside break seems higher. However, one must remember how this commodity has disappointed investors on several occasions in the past.