May. 11 at 7:40 PM
$UEC continues to trend clean for anyone who caught that pivot off the 50 EMA after the bullish reversal candle back in late April. Since then, it’s been nothing but higher lows and controlled momentum.
Today’s follow-through candle shows buyers still active — no real signs of exhaustion yet. Every dip into the 50 EMA has been getting defended, and that’s the key tell here.
MACD still expanding upward, not rolling over, which tells you momentum is building rather than fading.
As long as price stays above the 50 EMA + prior support zone, this remains a trend trade, not a chase. More of a “let it run and trim into strength” type of setup.
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