SMR chart looks like a classic head and shoulders pattern that is still playing out on the downside, I think for those who believe in the long term nuclear power $1.80 to $3.20 is an interesting area to accumulate...
0.00939736 BEE
SMR chart looks like a classic head and shoulders pattern that is still playing out on the downside, I think for those who believe in the long term nuclear power $1.80 to $3.20 is an interesting area to accumulate...
If it goes anywhere below $5 I will probably put some more money into it. Just for fun.
Might not be a bad idea, it is definitely closer to the bottom than to the top even now. To maximize your odds of winning I would try to buy at technical support levels which are marked by the previous tops which are now at around $7.19, $5.79 and the next one at $3.80. There is really no significant support under $5 until you hit around $3.80 so if I were you I would buy at $5.80 and then at around $3.80 to $4.00...
I know TA is gibberish, but a lot of people follow it and a lot of algorithmic trading is using it so it becomes part of the market psychology and a self fulfilling prophesy...
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