UEC: Cup'n Handle (45%), Ascending Triangle (72%)
Uranium Energy is in a continued uptrend with the current materials shortage and inflation.
This is shown on the two followin graphs:
1- Cup'n Handle on the daily chart, confirmed, with a price target of 5.22$ (Left graph).
2- Ascending triangle on the weekly chart , confirmed, with a price target of 5.98$ (Top right graph).
The two graphs are a bit late in the game as most of the uptrend has already happened. But there is still some room to go.
Caution: The Weekly chart of the sector (Materials, bottom right) has hit resistance at 551.50$. This resistance must be broken (up) to confirm a continued uptrend in the materials sector. Failure to break may indicate a price action reversal .
Stay humble, have fun, make money!
This is shown on the two followin graphs:
1- Cup'n Handle on the daily chart, confirmed, with a price target of 5.22$ (Left graph).
2- Ascending triangle on the weekly chart , confirmed, with a price target of 5.98$ (Top right graph).
The two graphs are a bit late in the game as most of the uptrend has already happened. But there is still some room to go.
Caution: The Weekly chart of the sector (Materials, bottom right) has hit resistance at 551.50$. This resistance must be broken (up) to confirm a continued uptrend in the materials sector. Failure to break may indicate a price action reversal .
Stay humble, have fun, make money!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.