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Uranium Resources, Inc. (URRE) Message Board

  • cash_back_7 cash_back_7 Jan 20, 2011 6:58 PM Flag

    Paging unbeldi4u


    Professor, could you take a look at urz 15 min - 1 hour chart. Do you see if they will be able to drive it up fast in AM or 4.75 is a top. MM tries to pull up on low volume as stock rolls over and looks like he set it up for morning pop. Kinda sick view and I think of selling it in AM.

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    • URZ is also on my screen, yes. Will analyze update later with more time.

      URZ also had a triangle like URRE here, but I made a wrong call, because it was so tricky, I was following a much larger triangle that was also forming and which had the real effective triangle hidden inside. I didn't realize the correct formation until the breakout had happened.

      I was just looking at UEC this evening too, because of the sharp price fluctuations there this afternoon, it was up for a while then finished down. So what I discovered is that the same scenario is playing out there, a huge triangle has formed, but it is deceiving because it is descending, which is usually a bear formation. Only an hour ago I thought it had simply broken trendline. I will update there...

      URZ is an example of what can happen after these triangle... it had some run since finishing its own... later more.

1.46-0.13(-8.18%)Aug 26 4:00 PMEDT