Uranium stock - TSX
Clear macro market cycles
IPO into down trend - descending triangle = bearish
2019 horizontal support breaks which results in capitulation in 2020 -80% from March 2019-2020 March.
Down trend breakout in 2021 with retest to now support.
Bull flag formation in 2021-2023 with retest of 0.55 key swing low level now acting as support.
Bull flag breakout, this asset is inherently bullish.
Target is new highs.
Clear macro market cycles
IPO into down trend - descending triangle = bearish
2019 horizontal support breaks which results in capitulation in 2020 -80% from March 2019-2020 March.
Down trend breakout in 2021 with retest to now support.
Bull flag formation in 2021-2023 with retest of 0.55 key swing low level now acting as support.
Bull flag breakout, this asset is inherently bullish.
Target is new highs.