UROY LONG SETUP

26 Ağu 2022

UROY

On the daily chart UROY which is a uranium royalty play

is at a three month long. Outlook is good when energy

costs are rising and uraniums is widely considered

more green than Oil, natural gas and other CO2 producing

fuels.

The RSI Oscillator is in mid-range. Within the past

few days, a high spike of buying volume is noted.

A Doji candle a few days ago signaled the reversal.

It is there that I will set the stop loss.

I am targetting a 40-60 % retracement of the downtrend

mindful of the Fibonacci levels and so about a 20-25%

upside.