URA - potential for long-term long
The blue bar projection is less of a prediction and more of a possibility. It is the previous primary trend decline flipped around but equal in price and time scale.
URA experienced a long term primary down trend since opening for public trading.
From 2016-2021 the primary downtrend turned into a multi-year basing, which was broken out of bullishly in 2021 and then held above resistance-turned-support. It has now retested multiple times without falling back into the range.
You can see recently it has surged again upwards with good volume.
This has good potential for a U-shaped long term recovery.
As I am a technician I will leave out my personal fundamental opinions on nuclear as a clean source of energy.
Thank you.
-harambepay
URA experienced a long term primary down trend since opening for public trading.
From 2016-2021 the primary downtrend turned into a multi-year basing, which was broken out of bullishly in 2021 and then held above resistance-turned-support. It has now retested multiple times without falling back into the range.
You can see recently it has surged again upwards with good volume.
This has good potential for a U-shaped long term recovery.
As I am a technician I will leave out my personal fundamental opinions on nuclear as a clean source of energy.
Thank you.
-harambepay
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.