Uranium is heating up
$Uranium Energy(UEC.US$ miner
$SPROTT PHYSICAL URANIUM TR(SRUUF.US$ The uranium ETF, buys and tracks physical uranium
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thatsDway : whats the news for uranium?
iamiamOP thatsDway: I dont invest based on news. i believe the news follows the market not the other way. so make up your own catalyst- european power void, that's what I think they will blame the spike on, but the future move up will be huge.
iamiamOP : the chart for UUUU, MACD is bullish, and uuuu looks to challenge support around 10.3 and then it should break into the upper channel.
iamiamOP user77248281: today is recovering I expect QQQ to hit 360, a vix down. I watch DMI DMX to monitor trends, it follows the time frames, so I look at longer time frames
iamiamOP user77248281: yes it does 20 min bullish on vix bearish on NQ, 1 hr is opposite may go down then up, daily is still bearish, 2hr and 4 hr are bullish
iamiamOP user77248281: everything is turning bearish now on NQ
iamiamOP user77248281: small chance of reversal, nothing I'm worried about, it could rebound wouldnt matter we are on the bear. I'm off to work so cant check as often not worried.
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moonbright : Is it still a good time to start a position on $Energy Fuels (UUUU.US)$ and $Uranium Energy (UEC.US)$
I'm looking at long term.
iamiamOP moonbright: both are good. They both started rocketing and have run to the top of their channels. last time it got rejected. They are overbought and at the upper band so there is a chance for a drop, but they can stay elevated for a while especially in a strong run. Both are good investments for the year hopefully longer! I would just like to see you get a better entry, any kind of dip may provide that.
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