Sep. 15 at 10:32 AM
$UUUU Energy Fuels (
$UUUU) is becoming increasingly interesting from a technical perspective despite the sharp sell-off. After dropping roughly 15% in just one week, the stock appears heavily oversold and is now approaching a major support zone around
$12. The 3M and 6M charts show that the
$11–12 area previously served as the foundation for a powerful rebound toward
$16. A similar bottoming process could develop again. The speed and magnitude of the latest decline also increase the probability of a technical rebound. A recovery above
$13 would open the door toward
$13.50–13.80. Above
$14.50–15, the technical picture would improve significantly, potentially putting
$16 back into focus. As long as the broader
$11–12 support zone holds, the current setup offers an interesting risk/reward profile for a potential reversal.
$UEC $CCJ $DNN
