Friday, August 8, 2014

Uranium Update Another buying opportunity?

Uranium (URA) followed our preferred bullish scenario(http://goldenopportunitytrading.blogspot.co.uk/2014/06/20-years-after-end-of-cold-war-new.html) (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)