TechnicalsThe fundamentals with this company and the uranium sector are very strong. It's only a matter of time until the stock price turns up. The objective of this game is to buy low and sell high to "make money". What does that tell you right now? Seems simple but most people can't do it. Behavioral finance is a fascinating subject to me.
Anyways, I invest on fundamentals but enter and exit positions based on technicals. Right now, the RSI is 31 which indicates NXE is very oversold, a bullish sign. However, the MACD just crossed and turned negative, a bearish sign. Also, we broke the 200 day moving average today. Not good from a technical perspective. So, we'll likely be in this price range, perhaps lower, a little bit longer.
This is a fantastic time to buy over the coming days/weeks and maybe your last chance buying under 3. I'll be accumulating the last of my position in this during this time. And then waiting for the run! The TSX is also weak and turning over right now. Therefore, Uranium stocks, and all other sectors, will drop and turn in sympathy.
Remember, "buy low". Good luck to all.