Fission Uranium - Jon Hulstein Of BMRJon Hulstein of Bull Market Run - (BMR) likes FCU.
Fission Uranium (
FCU, TSX) is another play we like – it, too, is showing a lot of relative strength and is trading at its best levels since late
2018. Today it closed up
8 cents at
63 cents (strong support in the mid-to-upper-
50’s).
Fission 2021 Drilling Plans: - Fully financed 43-hole program at PLS, host to the large, high-grade and near-surface Triple R deposit in Saskatchewan
- Drilling is designed to increase the Indicated resource of the R780E Zone, and also upgrade to Indicated the large R840W Zone in order to include it in the updated mine plan
- Project is currently at Pre-Feasibility stage – this year’s work will help advance it to Feasibility
FCU Long-Term Chart What’s particularly important about this long-term chart is how the
1,000-day EMA, currently
49 cents on this
10-year monthly, is now reversing to the upside (major long-term trend change). RSI(
14) is charging higher, currently
60%.
Everything about this chart gives us high confidence that
FCU will hit #
1 measured Fib. in the mid-
80’s this quarter.