The Long Investor

$UUUU

Added 2024-11-19 12:51:53 +0000 UTC

$UUUU is a Uranium and Vanadium mining energy company and will be heavily linked to the movement of the nuclear sector.

We can see that it has been in a long descending wedge since the middle of 2021 and has tested the top line a number of times since then but has not broken out yet above $7.34

Price has held very well on the 0.618 Fib at $4.87 but because they are still loss making, the market has not allowed this to break out yet.

That being said, if there is strong positive sentiment towards this sector and it appears there is, this could breakout soon and a move up to the blue line at $11.41 is possible next.