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!
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