$URA - URANIUM ETF -
Added 2024-09-27 19:28:35 +0000 UTCWell this $URA ETF went exactly to plan.
Chart was initially shared in December 2023, showing a rejection at the blue line at $31, followed by a year long ABC correction completing at $24 on the 0.618 Fib....which is what happened.
Unfortunately it bounced straight after a double bottom and has gone back up to the 200 Day MA.
There is a lot of talk about Uranium lately as many CEO's are talking about this energy source to power cloud storage and AI, I think it makes sense.
I would like to see a pull back to the 0.5 Fib on the 50 Day MA at $26 first tho before considering a position.
Comments
When Eric Schmidt says we need more energy for all this AI ambition, my ears perk up ;)
Marcus M
2024-09-27 23:55:21 +0000 UTC
