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Uranium Energy Corp. UEC

Uranium Energy Corp. (UEC: NYSE American) is an independent U.S. uranium mining company. UEC controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The Company has a potential production profile of 4 million pounds of U.S.-origin U3O8 per year with room to expand. Chairman is former U.S. Energy Secretary, Spencer Abraham.


NYSEAM:UEC - Post by User

Post by GSTbay1060on Jan 11, 2024 7:37pm
102 Views
Post# 35822734

From Americanbulls free website. Not investment advice

From Americanbulls free website. Not investment advice
Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 6.8400, and our valid average buying price stands now at 6.9300. The previous SELLsignal was issued on 12/28/2023, 14 days ago, when the stock price was 6.5500. Since then UEC has risen by +5.80%.
 
A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. Today’s candlestick has a white body and its close is above the stop loss level. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd. 
 
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bearish patterns. The conditions for the activation of the Bullish stop loss are two consecutive highs or a close above the stop loss level of a recently confirmed bearish pattern. more...

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