Uranium miners setting up for a BUY signal
June 29, 2021
I still need to be patient for a few days at least, but the uranium stocks vs the URNM etf are coming down nicely to an area I’d like to start buying some new ones, and possibly adding to my UROY (Uranium Royalty Corporation). I’m willing to buy URNM, and CCJ (Cameco), DNN (Dennison Mines), URG (UR Energy), and possibly a few juniors as well. The stochastics on the daily chart I posted are not quite oversold yet, but getting there. I prefer to see the stocks “wash out” in a one or two day drop, in order to get some good fill prices.
I already was long CCJ LEAP calls for a nice profit that we realized, so am looking to get back on the bull again with that one and a few others, now that its a confirmed longer term bullish uptrend.