Here is a chart that has caused me little worry since it was originally highlighted in NFTRH and bought (and traded a few times) late last year, the Global X Uranium ETF.
Selling the spikes and buying the drops has worked well. But a simple hold strategy is fine too through a series of higher highs and higher lows out of a bottoming pattern.
It was most recently bought back at the late January drop. I held through last week’s drop because the goal in this series of higher lows and higher highs is another higher high. Simple, eh?
My favorite individual U stock has a very nice long term weekly chart and while volatile, it never threatened a breakdown either. Hence I hold both, with some nice gains today of 12% and 5% for stock NXE and URA respectively.
So today’s lesson to us from Pooh Bear is to keep it simple and just maybe sometimes you find a pot of hunny.
