Quick Update August 22
We are near a key point. Do we continue up or retreat.
Here is
The BULLS
They need to push price past 372, which should lead to 382 and eventually all time highs.
If they fail 372, that opens the lower count down and candle formation of a head and shoulders
The BEARS want to hold under 372 and create the head and shoulders. If they hold under 372, then it should be a long slide down to 333 before completing this wave.
(the "need to cross" note on the MI at the bottom is for the bulls)
That is where we are. It's a big week with BRICS convening now and the FED starts their symposium tomorrow, and don't forget Nvidia after the bell tomorrow.
I still really like Uranium! as a sector breaking out with lots of room to the upside.
The big boy
the Jr's
the ETFs (and only connection to Kazatomprom the largest uranium company, but it's not in the US and not tradable on NYSE)
I also like
it needs to hold the 62 range and begin moving up.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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72951563 : I think we’ll go up a lil. Come back down and retest and head back up. It broke a downward wedge yesterday on the daily on my chart. So I think it will restest that in a few days. Now if this all happens I have a price target of 1.80$- 1.98$.
72951563 : Oh shit. I was talking abt $Ur-Energy (URG.US)$
iamiam OP 72951563 : I have a longer outlook, this is one I want to 10x
72951563 iamiam OP : Shit. I’d love to see that myself. Now it can still 10x. That’s just my target from the wedge break
102235596 : Hey @iamiam, thanks for analysis!
I’ve held on till the Rise back up after that pull back a few days ago.do you think we continue to go up to all time highs? And when do you foresee the big move down happening?