Nov. 13 at 2:32 AM
$UEC is currently trading at
$12.4, below both the 30-day moving average (MA30) of
$14.05 and the 50-day moving average (MA50) of
$13.47, indicating bearish momentum. The RSI at 41.03 suggests the stock is nearing oversold conditions but is not yet in that territory, which may indicate potential for a rebound. The recent 60-day high of
$17.8 and low of
$9.23 create a significant range, suggesting volatility.
Directional bias is bearish in the short term due to the price below key moving averages, but potential for a reversal exists if it can break above the MA30.
Suggested entry is at
$12.5, with a stop loss set at
$11.8 to manage risk. Target 1 is
$13.5, aligning with the MA50, and Target 2 is
$14.0, near the MA30. This plan allows for a conservative approach while considering potential upside.
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