ΣL Uranium Composite - 28th October 2024 | @ 157 Days | + 26.06%
Last trade: + 26.06% | 'B' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average of 157 days over 20 iterations since June 2020. Currently peaking
ΣL Cycle Summary
This excellent wave, stationary since 2020 and yielding large profits over the period over 10 iterations in our sample, shot up from the most recent trough in early August. Indeed the latest move up was the largest yielding up leg in our sample and also the largest since we began covering Uranium, some years ago. Across the composite amplitudes differ somewhat, with the more volatile UEC yielding over 40% from the latest up leg whilst a more modest, but still excellent, yield of over 17% came from UUUU during our latest trade period. This component is now due a peak and, given the dominance of this cycle, should be a signal that subscribers will heed. The more bullish scenario into late January will be a largely flat retrace, suggesting a larger component is still pushing up across the sector.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Early Buy - ΣL Uranium Composite 30th July 2024
Entry: 30th July, 2024
Exit: 28th October, 2024
For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.
Constituent Gain:
UEC (44.73%)
CCJ (25.89%)
DNN (22.53%)
NXE (19.97%)
UUUU (17.17%)
Composite Average Gain:
26.06 %