Cameco Breakout?
Updated
Looking at the chart it looks to me like we might have a breakout on the way.
I have not traded Uranium stocks so I'm no expert on the price movement, stocks or this sector.
With that said Uranium looks like it has just had a nice run up the price is coming off recent highs and may continue higher from production issues in the sector which have made the space unattractive for producers to profit & investors to capitalize from until the supply is not there to reach demand this is why I am looking at the sector more closely over the coming weeks to find out what is happening in the Uranium space.
For me, this is an interesting sector to watch closely as I think this could be a missed market opportunity for the future.
Waht do you think??
I have not traded Uranium stocks so I'm no expert on the price movement, stocks or this sector.
With that said Uranium looks like it has just had a nice run up the price is coming off recent highs and may continue higher from production issues in the sector which have made the space unattractive for producers to profit & investors to capitalize from until the supply is not there to reach demand this is why I am looking at the sector more closely over the coming weeks to find out what is happening in the Uranium space.
For me, this is an interesting sector to watch closely as I think this could be a missed market opportunity for the future.
Waht do you think??
Trade closed manually
This trade did absolutely nothing so I closed the position even & put the money to work elsewhere if I had a longer timeframe I would have held on to the stock. I see this as a long term investment.
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