Uranium Completes 50% Pullback
Simit Patel | Mar 02, 2015 10:52AM ET
I've been buying uranium stocks and uranium since late 2011, with it being a considerable focus of mine in 2013 especially. Technically, the asset is continuing to show some signs of momentum in price; we've now broken the long-term downward tentative trend line (the dashed line in gray), have a pattern of higher lows since the middle of 2014 (the dashed blue line), and have rallied after making a 50% pullback from the swing low in May of 2014 to the high in November of 2014.
The chart below illustrates.
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