It is the time again to buy

Early this year, I was talking about buying uranium stocks (URA). Almost immediately URA shot upmassively over 30% within a couple of weeks. This was clearly too much too soon, a kind of euphoria developed. Euphoric moves never end up well, no exception for uranium. After it peaked in Feb, it has given back all its gains since Nov last year, basically trading where it was 6 months ago around $12. I think now it is the time to go long with URA again. You see, the fundamental bullish force is still there for uranium. After a decade long of bear market for uranium, a lot of uranium companies went bankrupt. Per the report I have seen, now first time in a decade the demand is higher than supply. In this kind of environment, the uranium prices will not likely fall much further when the prices have already been extremely low but demand is increasing. Now the technical pattern for URA seems to have curved out a bottom. I think we are seeing a very similar setup for URA now as it was in Dec 2016. Buying URA now has limited downside risk but a great upside potential, I think. Of course, this is still a speculative call with no guarantee. Mindful of your risk if you are interested to get in.