Weekly log chart, nice bounce. If we duplicate the % gain, you can see the target from here. Potential 4x return?
Small arc played out as expected. Let's see if we bounce higher, then go lower to the outer arc
So far everything is going as plan. The fundamentals have never been better for Uranium and Sprott now owns and manages this ETF. Fundamentals for U have never been better.
This weekly log chart is looking very good to me and adds fuel to the $LINK chart I posted this week. I think a major move is coming in LINK. Looking forward to watching this play out.
So here is a more complex view of the LINK chart. I think we are fighting for direction at the intersection of 2 arcs, the uptrend support line and a horizontal support. Trading has been very tight. I still think the bias is towards up but I wouldn't be upset with I got the chance to load up more in the $10-$12 range. These are just some ideas.
Somewhere between low $30's and around $400. That is the best that we can do at this point. So far the rising channel has held on the weekly. Let's see if we get a big move upwards. I think this aligns with Alton season and some charts I have been watching.
This appears to be the upward channel LINK has carved out, with 6 touches on the bottom rail, and 1 FBO on the top. Best we can say is between $30 and $500 by EOY. I think we’ll see $100.