CanAlaska Uranium Ltd. (V-CVV)
One of the many “penny” uranium stocks CanAlaska seems to have reached its bottom and is now back on the climb. The chart shows a very bullish intermediate term chart. The move started slowly a month ago with little fanfare but has really accelerated recently. The Price is well above its positive moving average line (intermediate term) and the momentum indicator has zoomed into its positive zone above its positive trigger line. The volume indicator is also very positive and is suggesting great speculative interest. This looks like a good one to jump in on but after the recent move it would not be a surprise if it comes down a little over the next few days. Such come down, if it happens, should be short lived. Just to be on the safe side, after all, nothing is perfect, I would suggest a stop loss below the short term moving average line at this time (say at $0.09). You could change that to the intermediate term line once the trend has progressed for some time.
One of the many “penny” uranium stocks CanAlaska seems to have reached its bottom and is now back on the climb. The chart shows a very bullish intermediate term chart. The move started slowly a month ago with little fanfare but has really accelerated recently. The Price is well above its positive moving average line (intermediate term) and the momentum indicator has zoomed into its positive zone above its positive trigger line. The volume indicator is also very positive and is suggesting great speculative interest. This looks like a good one to jump in on but after the recent move it would not be a surprise if it comes down a little over the next few days. Such come down, if it happens, should be short lived. Just to be on the safe side, after all, nothing is perfect, I would suggest a stop loss below the short term moving average line at this time (say at $0.09). You could change that to the intermediate term line once the trend has progressed for some time.
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