Thread by @BambroughKevin

My old friend Ross Clark has been reading some of my posts and was kind enough to send me some of his excellent technical analysis to help illustrate what I’ve been saying about the #urabium market and why it will be hard to hold on to this bull for most of you

Here’s a chart of $gme in semi-log and you can see how it did in fact take off with a ‘Livermore widing cylinder channel’ and so powerful as to be charted semi log to see it

Here’s the same $gme chart clean. Crazy spike. Hard to see what happened along the way

So hears the early days before it went parabolic. Crazy vol in a big run… multiple shake outs in this run. Likely nearly every investor that held it the years before got shaken out. And you can clearly see the widening cylinder parters even though it’s not drawn.

This patern is how bulls shake people out and also punish people who jump on in late by kicking them off and stomping on them. You keep getting explosive break out highs. But then corrections that look like it’s over and breaking down. Widening cylinder

Cameco as an example is just getting started. $pdn will do the same now as it’s got many trading catalysts ahead along with the uranium price being a key one. ASX 300 addition 3rd Friday or this month. Then ASX 200 huge demand in a quarter or two. Then with the uranium price etc

I called it a cylinder.. I’ll credit this post for getting it write. It’s a Livermore widening Channel pattern (say ahhhh, widening mouth) #uranium $gme

I think we are now in the early days of an epic SPUT $u.un 6 months run that can see spot uranium absolutely fly! As the good Dr.said ‘it will be interesting to watch’ but I think much more interesting to ride.

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