Long $NLR (VanEck Uranium Nuclear Energy) from 52,56
Uptrend from Covid low, but now in a more stable channel. We are looking for a bounce at the bottom of the channel which happens to be around the pre-covid high. There is also a fundemental trend in the ongoing discussion about energy supply that supports this play.
SL: 50,35 (previous bottom)
TP: 59,72 (previous top, which is also resistance level from 2011)
We need to get back above 54 quickly in order to regain breakout status. It will be exciting to see if we can break previous top 59,72 for a move to 69-70, which I see as next resistance level.
SL: 50,35 (previous bottom)
TP: 59,72 (previous top, which is also resistance level from 2011)
We need to get back above 54 quickly in order to regain breakout status. It will be exciting to see if we can break previous top 59,72 for a move to 69-70, which I see as next resistance level.