Nexgen – Verifying My Forecast

Nexgen is another example of my uranium sector calls. Nobody was interested in this beaten down sector, but the chart said a bull market was beginning. I posted this on 17th July 2020. Such a great chart pattern – a hugely important trendline break and a bullish flag/consolidation just below the breakout line. A classic combination. The technical indicators were bullish as well. I have no idea how many of my followers took action, but I went all in on uranium stocks around this time. NXE was $2. So how did it pan out ? This is the position at the time of writing (May 2021)…

My target was hit, and I continued to chart its progress, remaining bullish long-term.

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