I have been waiting for a clear signal from the uranium industry for a while now, and it's hard to ask for a better set-up than what we are seeing on Nexgen. First we have a capitulation zone (red square) and then a bar close inside the range. Then we have a break out to the upside from the channel, followed by a successful retracement and new highs. Holding this for a few years most likely, but I wouldn't be surprised if this turned into a 5 or 10 bagger.
Trade chiuso: obiettivo raggiunto:
I took some risk off today as my initial target was hit, but I will ride the rest of my position for a few years most likely. Good trade.