Personal Current view on $ SMR stock as a long holder:
Considering the uptrend channel seen, a bounce from 16-17$ area back to 19$-20's$ should imply that the bullish uptrend is not over yet.
Despite this running up due to news mainly, a positive earnings would give more confidence to investors.
Another aspect is if trump wins, this could see more potential and here is why in the next paragraph.
Trump vs. Harris Scenarios on nuclear energy:
Donald Trump: During his presidency, Trump promoted an "all-of-the-above" energy policy, which included strong support for nuclear power. His administration implemented measures to support the nuclear industry, such as proposing funding for research in advanced nuclear reactors and exploring ways to keep existing nuclear plants operational. The Trump administration saw nuclear energy as a way to boost U.S. energy independence and cut carbon emissions, while also enhancing the U.S. nuclear industry's competitiveness against countries like Russia and China.
Kamala Harris: Harris has generally supported a shift toward renewable energy (like solar and wind) as part of addressing climate change, aligning with the Democratic Party's focus on green energy. While she hasn’t opposed nuclear power outright, she has emphasized a preference for renewables. However, as Vice President under Joe Biden, she has supported the administration’s clean energy goals, which include nuclear power as a low-carbon energy source in their policy mix. The Biden administration has provided funding to keep existing nuclear plants running and to research advanced nuclear technology.
Another factor to consider is that NuScale is "the only SMR certified by the U.S. Nuclear Regulatory Commission." But also, "Standard Design Approval application under review by the U.S. Nuclear Regulatory Commission and remains on track for mid-year 2025 completion, as scheduled." So on the long run this can be promising if they managed to get all paper work done.
Back to the analysis, if we don't see a bounce back to 20$ then its going to have major resistance at first previous outbreak around 10$.
Worthy of mentioning, on the 30mins / 1 hour timeframes there were divergences detected indicating a bullish signal again, but due to vagueness of election results and negative sentiment the stock has seen tight hold around 18$ till date of this post. Not a financial advisor or even close to a trader, just a swing trading hobbyist who wants to learn more about trading
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