URRE Follow Up (long trade idea)

Please see the last post on URRE from 8/18, I have expected it to continue to fall, but I had hoped to see sign of accumulation as it did, so far so good.

 URRE Daily chart-be sure to see the last update as well.

 URRE 15 min 3C

 URRE 10 min 3C

URRE 5 min 3C.

So far we are seeing the signs of accumulation I hoped to see during the pullback. I think we may have another 10-15% of downside to go before it bottoms, but that could be off a bit. Certainly in the $1.00 area I want to look at URRE as a longer term long position. There are great fundamentals and the daily chart is superb.

Keep this one on your watchlist.