OTCQB:UEXCF - Post by User
Comment by
daniel52on Aug 12, 2007 4:30am
253 Views
Post# 13233742
RE: NEGATIVE CHART FOR ALL URANIUM STOCKS
RE: NEGATIVE CHART FOR ALL URANIUM STOCKSI have been running charts on all my U stocks and every one is under the 200ma, most by a very significant distance. As you point out only CCJ shows a little upturn but I would not make a move on this for obvious reasons. Stockcharts P&F charts for CCJ give a bearish outlook and a $25 target.
Next week it will be interesting to see if there is a bounce and the resulting rush by many to sell into the upturn. That would be a normal pattern. However, it is hard to see how we can avoid another 10-15% down. 20%? That would be really tough (though it is a real possibility) but I'll be waiting to buy some.