InvestingHaven is a publisher on the amazingly fast + secure new Brave Browser! Try this for free, we will receive BAT crypto for publishing our content >>

Uranium Market Breaking Out, Looking Very Bullish

The uranium market is breaking out. That is happening just two weeks after InvestingHaven’s research team wrote their uranium forecast for 2018 and uranium stocks in 2018 ready to explode, two extremely valuable and spot-on pieces.

Let’s get this straight: a couple of months ago we identified 15 points in URA ETF, the uranium miners stock, as the breakout level. Below is the chart with exactly the same annotations as published in this article in August: uranium miners building a solid base. We made a point that uranium could be trading sideways for a while, but it would be a solid base for a future bull market.

Just 3 months later we now see that this base building could be turning into a bullish breakout.

One day does not make a market, and being too excited is mostly not a good thing. However, in this particular case, in which ‘nobody’ is looking into the uranium market, there still is a negative sentiment, getting excited with a breakout is definitely justified.

The uranium market needs to confirm this bullish breakout with trading above 15 points for at least two consecutive weeks.

Our favorite uranium miners, as said many times in the last 24 months, are Uranium Energy Corp (mid-tier) and Fission Uranium (small cap).

InvestingHaven is the first in the world to offer a Blockchain Stock Investing Research Service which features all blockchain stocks with our proprietary score. Get access now >>
A MUST READ for 2018: China’s Stock Market Bullish. 7 High Quality Stock Tips For Long Term Portfolios. Featuring 7 China stocks >>
Follow official Ethereum prices in real-time. Read daily Ethereum price news on  >>
Share This