Uranium One Inc SXRZF

UUU''s Technical Picture

[LongoGlueStick]

(This is what I posted over on the SXR board over the weekend about UUU's technical picture...) -------- baba: I think this weekend shorts will be reassessing their positions after this large fall. I will admit that going long is risky but then again with the huge drop we have seen, so is going short. I currently use stockcharts.com for my TA. What divergences do I see? Let me say that I have looked at a lot of charts of stocks on the TSX and nothing impressed me more than SXR. 1. The 10 day Rate of Change indicator is giving a clear divergence which *MAY* mean that upward momentum is building. 2. The Chaikin Money flow has also formed a huge divergence and how now turned upwards (green) with can indicate that the selling pressure is slowing down considerably. 3. You were bang on about the MACD. In fact, the MACD histogram has shown a strong upward divergence which means that the MACD could make a cross over soon which would lead to a bounce. If SXR has a few up days next week, it is likely that the MACD would turn upwards, providing a new bullish signal. 4. The gap that was created back in October around 10.50 was closed this week. 5. There is huge support for this stock at $9.00 - $10.00 as evidenced on Thursday when we hit $9.32 and then bounced to close at $10.20. This was done on 8 million shares (decent volume). Here is the chart I am looking at.... https://stockcharts.com/h-sc/ui?s=UUU.TO&p=D&yr=0&mn=4&dy=0&id=p09733976511