Hi TG, seems to me uranium stocks might be at a crucial point...

Hi TG, seems to me uranium stocks might be at a crucial point now after their breakout. Here is a weekly chart of PDN, a uranium stock I follow closely.

As you can see it recently broke out of a descending top resistance level pattern on its weekly, with rising RSI and volume increase. Its pulled back this week (the week isn't over yet), but is getting close to being a fake out if price doesn't get on with the job very soon.

Because of the 45 degree angle of the resistance breakout line it was always going to be a borderline breakout anyway. Read Stan W. for more info!