Only one small trade today, but a few charts of interest to share.

At first glance I thought I didn’t make any trades today, but on review, I was filled on a small buy order to add to MUX today. Other than that, I just have a few observations and charts to share, being some interesting activity occurred in a few of my positions. First, NOVRF (Nova Royalty Corp.) had a nice jump today, gaining 11% and strong all day, while UROY (Uranium Royalty Corp.) outperformed in a generally weak uranium sector, making a late day run to finish up just under 5% on the day. Today’s action puts both of these stocks into the positive with unrealized gains now, so I will look to get more aggressive (heavier positions) in these when opportunities present themselves, preferably into a dip lasting a few days or more. Below, I will post the daily for both NOVRF and UROY, note they both are now above all moving averages now, after today’s strength.

So both stocks are sporting similar patterns, when a stock moves above all moving averages it can be a signal that a trend is about to initiate, in this case we should expect and uptrend. If the uptrends materialize, these stocks become great “buy the dip” candidates on most pullbacks, so expect to add to these positions. Here is an intraday chart, just to show how quickly buying can come into a stock. While I don’t often trade off the 5 min bar charts, other than to time entries and exits I had planned from a daily or weekly chart signal, here we can see how quickly the buying came into UROY, after spending most of the day not doing much.

So these are two stocks to keep an eye on, be ready to add. I had buy limit orders in on several names, but no other fills. I didn’t see any reason to pay up or chase things higher, so I will sit and wait patiently for pullbacks in which to add to my positions.