Uranium, rare elements buy on the dip ?

A look at the ETF “Rare Elements”

  • As mentioned before, a break out could occur.
  • it did, to the downside
  • It is right on a key support level of 12.2
  • the 50dMA would be a first buy trigger, 15 the second

2 Uranium miners, Dennison mines (DNN) and Cameco (CCJ) dropped significantly today,both testing the 50d MA.

Demand is expected to rise in the coming years, so watch these ones for the next few days, as it could be a nice buy on the dip opportunity.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s