With the recent jump in uranium price and many people are jumping on uranium stocks and a bit of FOMO is going on at the moment. Surely uranium has a bright future ahead being a efficient and reliable clean energy source, but is this a good buying point ?
zooming out, yes uranium is above it's 6 years high back in 2015 , but if you look closely, it is very close to the support level in May 2010 and Nov 2012.
Conclusion: I will wait for a retrace of uranium price before jumping in again.
zooming out, yes uranium is above it's 6 years high back in 2015 , but if you look closely, it is very close to the support level in May 2010 and Nov 2012.
Conclusion: I will wait for a retrace of uranium price before jumping in again.
