Energy Fuels Stock: Potential Reversal Ahead?

UUUU

After reaching a low of $0.78 in March 2020, UUUU has been on a recovery path. Currently, it's forming an inverted head and shoulders pattern, with the key neckline at $7.47. A breakout above this level could signal a move towards $9.73.

However, watch out for the bearish alt-bat pattern near $9.73, which could lead to a pullback. Stay alert for key price action and adjust your risk accordingly.

⚠️ Note: Any violation of the $4.19 support would invalidate the projected patterns in this idea.