URRE Long Trade #2

We did pretty good with the last URRE trade, although they have been on a swing basis. From what I see and from the fundamentals of a supply squeeze, I think URRE is putting in a long term base and still working on it so we've been swing trading it. I stated at the end of the last long trade that URRE will pullback and almost certainly be under accumulation during the pullback, it seems that is the case.

 Here's the long term bullish pattern, a descending wedge, they are counterintuitive patterns, but they tend to be pretty successful. The rule of thumb is "a wedge retraces its base", putting an eventual upside target around $3.50.

 Here's the 30 min negative divergence that ended the last long trade, note the accumulation.

 The 15 min chart shows the same.

 as does the 10 min chart

And the 5 min chart.

I would not be surprised to see URRE head a bt lower and put in a more powerful 15 min positive divergence, it should be watched, but t seems it's getting lose to its next swing leg up.