The weekly chart for UUUU looks extremely bullish with several lines of evidence suggesting a bullish reversal is confirmed.
Break-out of shorter term descending trend
"Break-in" back to long term parallel range
MACD Crossover
Bullish engulfing candle
ALL WITH BIG VOLUME!!!
I believe last week's action was just a pullback setting up for a long term move to the high end of the range, likely a result of sell-the-news profit taking. This industry is going to roar in the coming years.
Long term target $9-11 USD
Good luck!
Break-out of shorter term descending trend
"Break-in" back to long term parallel range
MACD Crossover
Bullish engulfing candle
ALL WITH BIG VOLUME!!!
I believe last week's action was just a pullback setting up for a long term move to the high end of the range, likely a result of sell-the-news profit taking. This industry is going to roar in the coming years.
Long term target $9-11 USD
Good luck!
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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.
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.