I bought shares of this ETF today at $8.30. As always, my stop loss is set at twice the stock's average true range, which is at around $7.55, or a violation of the 50dma; whichever comes first.
Uranium Participation Corp. (U.to)
In my opinion, the daily chart of U.to, shown below, looks favourable. One characteristic about uranium that I have noticed is that it is extremely uncorrelated to any other asset class. In other words, it adds diversification to my portfolio which is mostly long equities.
I bought shares of this ETF today at $8.30. As always, my stop loss is set at twice the stock's average true range, which is at around $7.55, or a violation of the 50dma; whichever comes first.
I bought shares of this ETF today at $8.30. As always, my stop loss is set at twice the stock's average true range, which is at around $7.55, or a violation of the 50dma; whichever comes first.
