Not financial or trading advice!
Entry: 8.30
Stop: 6.85
Target: 12.90
Risk/Reward: 3/1
I am super bullish Uranium long term! Due to recent supply cuts, the increases in UF6 prices, and what seem to be dwindling inventories and the need to begin to engage in long term contracts. I think Uranium is going much higher long term.
My trade idea is to go long CCJ at the bottom of its basing range and either take profits at the top before re-engaging after a breakout, or simply to hold long term.
My preferred method to trade this is to buy long dated options and roll up protection or take profits should the sector move higher. Uranium miners have a history of 5x 10x 20x returns.
Entry: 8.30
Stop: 6.85
Target: 12.90
Risk/Reward: 3/1
I am super bullish Uranium long term! Due to recent supply cuts, the increases in UF6 prices, and what seem to be dwindling inventories and the need to begin to engage in long term contracts. I think Uranium is going much higher long term.
My trade idea is to go long CCJ at the bottom of its basing range and either take profits at the top before re-engaging after a breakout, or simply to hold long term.
My preferred method to trade this is to buy long dated options and roll up protection or take profits should the sector move higher. Uranium miners have a history of 5x 10x 20x returns.