Standard Uranium (STND.V) and Azincourt Energy (AAZ.V) base as uranium attempts reversal

In last weeks uranium sector roundup , I highlighted that uranium is at a key technical point. Spot price remains above $50, but the focus should be on other uranium charts. I spotted major breakdowns in all energy commodities. Oil got shaken up with the OPEC+ production cut. While the uranium charts are currently playing out the worst fears for uranium bulls: another leg lower.

Remember: the long term fundamentals for uranium still stand. With world governments wanting to deal with the climate crisis, nuclear energy is going to play an important role being able to handle baseload power and having no CO2 emissions. You can clearly see now that many nations are reversing their stance on nuclear energy, and even being more open to the idea of building more nuclear power plants.

When it comes to the technicals, we can use the charts to jump on trends. For long term […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet