Uranium (URAXPD) Summary for End Week 4 - 2019
So after a volatile 2018, is this Uranium's year to shine?
Well we've had 4/5 very good weeks but imo we still have some way to go yet before we can consider this a bullish period.
On a technical basis the chikou span, tenkan sen and kijun sen and kumo are all yet to confirm a bull run is underway.
Fundamentally not much seems to have changed other than the UK government doing its best to screw-up its energy strategy once again with the problems at Hinkley and Hitachi pulling the plug. It's not a great look for nuclear as a whole, but on the brighter side it may open up the better option of the RR sourced smaller more compact reactors that are better suited to the world in 2019.
WAIT
Well we've had 4/5 very good weeks but imo we still have some way to go yet before we can consider this a bullish period.
On a technical basis the chikou span, tenkan sen and kijun sen and kumo are all yet to confirm a bull run is underway.
Fundamentally not much seems to have changed other than the UK government doing its best to screw-up its energy strategy once again with the problems at Hinkley and Hitachi pulling the plug. It's not a great look for nuclear as a whole, but on the brighter side it may open up the better option of the RR sourced smaller more compact reactors that are better suited to the world in 2019.
WAIT
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