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Wednesday, June 4, 2014

cup& Handle??

UUUU has a 50% retrace of recent price action on the Intra-day.It actually appears to have an 'pipe bottom'. If not it still would be a good place for a stop. (the long bullish candle touching price low).                                            



ADDED on 6-8: If you follow me Twitter comments I noted how comments by the RBC put the axe to
the Uranium sector. I was stopped out at what I thought was a 'Pipe" candle
low. funny thing though I've yet to be stopped out on DNN. as of this comment the Proposed wave ii hasn't been violated ,just Deepened.
  Price will have to break above the Last  high to be Bullish again.

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