Bears are Hungry for UEC
Trying out the trading volume on large gainers. My hypothesis is that since they had such high trading volume the previous day,It's either due for a retracemnt or extension and I'll determine that by what the technical story tells me.
Fundamentals: This had a trading volume on Friday of 29.117M and on average has 7.296M
Technicals: Gap In price movement, so it should fill in, Bearish rising wedge
Indicator: we have MAJOR bearish divergence on the RSI, and with tells me that the pendant isn't a bullish pendant but a bearish rising wedge.
Fundamentals: This had a trading volume on Friday of 29.117M and on average has 7.296M
Technicals: Gap In price movement, so it should fill in, Bearish rising wedge
Indicator: we have MAJOR bearish divergence on the RSI, and with tells me that the pendant isn't a bullish pendant but a bearish rising wedge.
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