The traders have seen the twitter crew pumping this on the back of prem falling.
The traders jump aboard to ride the wave.
The rainbow traders buy the shares from the traders and are left holding the baby.
Rinse and repeat. I smell sell on the bell ;)
lol
Well done to all the ninja traders who have now closed their trades. That's exactly how you execute a dead cat bounce trade. Now its time for the bag holders to start pumping. They should be quite busy leading up to the raise. Where will it be? I'm predicting 26p...
Take a look at the monthly uranium spot chart.
Draw a symmetrical curve on all lows. This will give you an indication of how far off the bull run actually is. The price needs to return to the curve before the ascent. I’m the price could return to the curve anytime from now (by tanking ) , by slow ascent or by trading sideways up until the end of 2024.
This is just my analysis but a fair one in my opinion. On that note, I ignore the twitter pumpers and trade the uranium pumps. I’m all out at the moment but will consider buying again soon enough, simply to trade but once the spot price has returned to the above mentioned curve, one way or another, I will then load up on U-equities and Aura if the price is right.
“Buying at the bottom is a skill”…. There’s an example of idiocy …..
Anyone with experience and knowledge knows that it’s not a skill. It’s a dangerous game bottom fishing and if anyone manages to buy the bottom, it’s blind luck.
Waiting for reversal and confirmation of breakout on volume is wise trading. Until this dog is in the mid 30+ and closes above those levels, it remains in a down trend, despite the tosh these mindless rampers talk. And yes, analysts don’t always get it right, especially if instructed by the company or by a party with a financial interest.
If I was to invest here it would be solely in the back of my own research and confirmation of breakout, never on a single word from the morons pumping it…
Once the doc starts showin interest, the herd of mindless rampers jump on, then a not so great stock becomes hard to take seriously for many as day traders sell out on the pumps leaving silly minions holding the bag. One after the other get eaten up on the spread.
When there’s fools pumping a stock on twitter, I stay well away.
But good luck lol