URANIUM - GREAT UPSIDE POTENTIAL - BUY
Uranium is probably one of the best strategic investment in the current environment !!!
Upside potential is great and it is only the beginning of the story.
We are going to look at 3 time frames, starting from the MONTHLY, then WEEKLY and finally the DAILY picture :
I MONTHLY :
As you can see on this long term chart, the ATH seen on URA (ETF) has been @ $ 134.51, reached in February 2011; since then the prices went sharply down towards a low of $ 6.95, reached... in March 2020 !!!!
From its historical low, URA already recovered nicely, reaching a high, last month in September @ $ 28.72.
PRICE ACTION ANALYSIS :
1. The monthly clouds resistance area has been broken !
2. Pullback from $ 28.72 towards $ 17.23 should be seen as a corrective move (TACTICAL) only and not as a STRATEGIC REVERSAL
3. Tenkan San (conversion line) worked very well in holding and rejecting downside breakout attempt
4. Lagging line is in progress to attempt to upside breakout the monthly clouds resistance; once it will be done, that will be a STONG BUY SIGNAL
TARGETS :
1. $ 37.05
2. $ 55.68
3. $ 70.73
4. $ 85.78
II WEEKLY :
Kijun-Sen (Base line), around $ 23.00, hold and rejected 3 consecutive breakdown attempt !!
Therefore, this area should be seen as a very important support level.
On the upside, a breakout on a weekly closing level of the ongoing steep downtrend line resistance would also be positive as it would change
the trend move down to sideways-up.
III DAILY :
Currently in a slightly sideways-up parallel channel (in green): this $23.00-$25.50 trading range should be seen as a consolidation phase and should
be used as a GOOD BUYING OPPORTUNITY, calling for higher levels
CONCLUSION :
This is a great strategic theme opportunity, trust me, the upside potential is huge.
BUY AT CURRENT LEVEL AND ON DIPS
OTHER INVESTMENT VEHICLE :
The best one is the following :
Strategy Certificate sur U3O8 RENAISSANCE Portfolio
Sous-jacent: U3O8 RENAISSANCE Portfolio
Catégorie de produit ASPS/EUSIPA Tracker Certificates (1300)
ISIN: CH0441692628
Valor: 44169262
Last offer price : $ 1926.16 ) Oct 11, 2021
keyinvest-ch-fr.ubs.com/produit/detail/index/isin/CH0441692628
Upside potential is great and it is only the beginning of the story.
We are going to look at 3 time frames, starting from the MONTHLY, then WEEKLY and finally the DAILY picture :
I MONTHLY :
As you can see on this long term chart, the ATH seen on URA (ETF) has been @ $ 134.51, reached in February 2011; since then the prices went sharply down towards a low of $ 6.95, reached... in March 2020 !!!!
From its historical low, URA already recovered nicely, reaching a high, last month in September @ $ 28.72.
PRICE ACTION ANALYSIS :
1. The monthly clouds resistance area has been broken !
2. Pullback from $ 28.72 towards $ 17.23 should be seen as a corrective move (TACTICAL) only and not as a STRATEGIC REVERSAL
3. Tenkan San (conversion line) worked very well in holding and rejecting downside breakout attempt
4. Lagging line is in progress to attempt to upside breakout the monthly clouds resistance; once it will be done, that will be a STONG BUY SIGNAL
TARGETS :
1. $ 37.05
2. $ 55.68
3. $ 70.73
4. $ 85.78
II WEEKLY :
Kijun-Sen (Base line), around $ 23.00, hold and rejected 3 consecutive breakdown attempt !!
Therefore, this area should be seen as a very important support level.
On the upside, a breakout on a weekly closing level of the ongoing steep downtrend line resistance would also be positive as it would change
the trend move down to sideways-up.
III DAILY :
Currently in a slightly sideways-up parallel channel (in green): this $23.00-$25.50 trading range should be seen as a consolidation phase and should
be used as a GOOD BUYING OPPORTUNITY, calling for higher levels
CONCLUSION :
This is a great strategic theme opportunity, trust me, the upside potential is huge.
BUY AT CURRENT LEVEL AND ON DIPS
OTHER INVESTMENT VEHICLE :
The best one is the following :
Strategy Certificate sur U3O8 RENAISSANCE Portfolio
Sous-jacent: U3O8 RENAISSANCE Portfolio
Catégorie de produit ASPS/EUSIPA Tracker Certificates (1300)
ISIN: CH0441692628
Valor: 44169262
Last offer price : $ 1926.16 ) Oct 11, 2021
keyinvest-ch-fr.ubs.com/produit/detail/index/isin/CH0441692628
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