I believe SMR is set for long rise as strong impulse will continue. This idea, of course, will take some time before we see double and triple price from now ($36). I expect swings up and down within a few weeks before trend up resumes.
Now to EW analysis. Price completed purple wave (3) of green (1) which is a part of black wave (iii). So now I expect it to go down around 38% to 68% of purple (3) and will accumulate.
Then is shall take some time for green (1) and then (2) to complete. Here we might have significant price drop with the count invalidation level at around $11.2. I don't expect this however EW rules allow to have it. Once green wave (2) is completed, the stock will fly.
SMR is an innovative manufacturer of small nuclear modular reactors. It is the only one which got the license from US nuclear authorities in this field. They do much work to install first reactors by 2030 for the first customers.
In general, data centres and progressing AI boom will be in need for energy and together with policies being shifted away from solar/wind as the only green clean energy, reliable energy sources might be long-term winners.
Currently, the company holds strong balance sheet and makes little money however work towards strengthen legal position and get contracts.
I plan to accumulate sizeable amount during upcoming volatility to build long position.
Now to EW analysis. Price completed purple wave (3) of green (1) which is a part of black wave (iii). So now I expect it to go down around 38% to 68% of purple (3) and will accumulate.
Then is shall take some time for green (1) and then (2) to complete. Here we might have significant price drop with the count invalidation level at around $11.2. I don't expect this however EW rules allow to have it. Once green wave (2) is completed, the stock will fly.
SMR is an innovative manufacturer of small nuclear modular reactors. It is the only one which got the license from US nuclear authorities in this field. They do much work to install first reactors by 2030 for the first customers.
In general, data centres and progressing AI boom will be in need for energy and together with policies being shifted away from solar/wind as the only green clean energy, reliable energy sources might be long-term winners.
Currently, the company holds strong balance sheet and makes little money however work towards strengthen legal position and get contracts.
I plan to accumulate sizeable amount during upcoming volatility to build long position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.