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