Friday, August 8, 2014

Uranium Update Another buying opportunity?

Uranium (URA) followed our preferred bullish scenario( (almost touched 16) and reversed towards 14,5.We are still leaning bullish towards URA. It might move toward 14 before start a substantial ascend.If it breaks down below 13,9 our scenario is invalid.A break above the descending trendline (black) will be a great bullish sign (especially if it will be followed later on by an RSI14(weekly) move towards 65 or even better above 65)