Good analysis
@Bugsam and
@Dazedandconfused
The market appears to be at the whins of any major news event.
As we have just passed 2 major events (US mid-term elections & FED interest rate meeting) the index's charts all look to be reverting back to trading between key technical levels.
I believe any significant event from here will dictate the direction of the market up or down.
Watching the world/US macro is key for the likely direction of our market.
Although I was generally surprised at the bounce we had seen today, I definitely thought it was going lower...
Hopefully this equates to a bit of strength for the markets and helps complete the H&S pattern.
PDN seen a big move up today taking out strong resistance of 22c.
It appears the the debt holders may have finally stopped selling shares.
BOE and DYL are the other 2 main Uranium stocks, both are sitting on strong support lines and have lagged PDN's recent strong move.
These 3 stocks have been the strongest and are by far the best Uranium plays out there.
(The only are close comparison would be Energy Fuels in the US)
I wrote some key points about BOE and why I believe it to be one of the best publicly listed Uranium plays out there,
https://hotcopper.com.au/posts/36024655/single
I also wrote piece about the upcoming Uranium bull market and how it may be a better investment than other seen safe havens like Gold in the event of a market crash/correction
Titled "Uranium, safer than Gold"
https://hotcopper.com.au/posts/36118637/single
A very important note about Uranium is that the price isn't dictated by the direction of the market...
This is because only governments and major utility companies buy Uranium.
(20min delay)
