BY LICIA LESLIE
March 15, 2024
Hi Shoppers,
I am spotting a change in trend candle in the Global X Uranium ETF (Ticker: URA).
Yesterday’s action created a dragonfly doji which signals a change in this downtrend and we have confirmation today with the stock trading higher.
URA is also bouncing off the support of my pitchfork:
Shopping for options, I like the Mar28 expiration:
The implied volatility is not as cheap as I like, but I don’t mind the 28 calls.
Use a close below $26.80 as your stop loss.
Trade Review
Wayfair (Ticker: W) topped out on Wednesday before pulling back. I am still bullish and this is a good place to re enter or go long. Use a close below $61.70.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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