Jun. 19 at 2:15 PM
$UEC Some possible breakouts in Uranium (see list far right). I'll go through a few of them this weekend and what to look for. Take this for instance. There was a gravestone doji, which usually indicates a bearish sign, but then there was a gap up open and 2x volume, which indicates some company or sector news. I have to look at that. Plus, there is a positive momentum marker, but at the same time, there is a death cross, when a shorter moving average trends below a longer moving average. That is not always bearish because that can be negated quickly.
So, I would like to see this open positive, or at least over the 5-day (green line) Monday. I wouldn't be too worried about the death cross, as long as the 5-day EMA trends above the 10-day SMA (yellow line). There are probably better setups in this sector. Let's see what we can find
