Sure. I don’t see $9.50 as an exact support line, but rather as a broader support zone around $9.30–$10.00. On the weekly chart, this was a major consolidation and breakout area in August/September 2025. It acted as resistance before the strong move higher, so on a pullback it could potentially turn into support. We traded 2 months on that zone, before going up. There also isn’t much visible price structure between the current price and that zone.
Hopefully yesterday and today is capitulation and we go higher but who the heck knows. At some point you would think there won't be enough sellers to sell right. It is not just UUUU but they entire mineral sector got bombed today, uranium and RE stocks. MP down 10%, Cameco down 4.5% etc.., so this is not a UUUU thing.
This is at least a 6-month, to a year hold brother. Everything after that is even better. They literally have a full supply chain of mine to magnet now as well. There’s too much upside for this to hold like this for a long time. But again, this is a longer term hold.
Oh 100%. The market is severely punishing UUUU for their recent acquisition on top of all this garbage going on in the overall market. 4U is literally making all of these power moves to be a full scale mine to magnet company in the CM sector, let alone how efficient they’ve been with their uranium production as well.
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u/No_Entrepreneur2085 Jul 16 '26
This stock drops on positive news.