UUSA.c continues to show strong bullish momentum. Shares of Kraken Energy (CSE: UUSA) are up another 9% today, showing some strong indicators that recent price action is indicative of a new bullish trend. Share price is approaching a retest of resistance at around $.98 on this push, which will be a key area to watch on the chart.
In the past few days, share price has made a bullish cross of the 50 MA, while at the same time the CM SlingShot indicator is showing early bullish indications since shares hit a bottom in July. With the CM crossing over the 50 MA, if it enters into a buy signal (green), share price is all but guaranteed to continue on this ascent.
Kraken recently announced the identification of anomalous radon trends at its Apex Project in Nevada. This is a strong indicator that there is uranium dominant mineralization present at the project, and provides strong insight for the company as it prepares for its first drill program at the project.
UUSA.c is currently trading at $.94, valued at $50.4 million.
https://ceo.ca/@newsfile/kraken-energy-identifies-anomalous-radon-trends-at