ΣL Uranium Composite - 21st November 2023 | @ 153 Days | + 7.28%
Last trade: + 7.28% | 'C' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average wavelength of 153 days over 10 iterations since December 2019. Currently peaking
ΣL Cycle Summary
This wave, excellent in the period from 2020 to early 2023 and recently attenuated, is approaching a peak shortly (early December), via our composite which consists of prominent market participants. The move down from that point into the first quarter 2024 will help us lock back into the correct timing, assuming retained amplitude in the down leg. For now it retains the ‘C’ category rating due to the amplitude modulation seen during the very bullish recent uptrend. UEC, once again, has the most variance in amplitude and may well be the best choice for yield.