Uranium powering higher – Increase stop loss

Brad Holland

Brad has over 20 years experience in the Australian and US equities and options markets. Brad specialises in equities and options for capital growth, income generation and capital protection. He also specialises in finding opportunities in small to medium cap stocks. Brad holds RG146 - Securities & Managed Investments and Accredited Derivatives Adviser Level 2 qualifications.

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November 21, 2023

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High Conviction Report | URNM.AX

Today we are increasing the stop loss on the second half of the URNM position considering the strong move higher over the last four trading sessions.

The high conviction report originally recommended buying 1,000 URNM on the 11^{th of} August 2023 at $6.49. We have already locked in profit on half the position selling 500 at $8.88.

With URNM currently trading at $9.14, we will increase the stop-loss level on the remaining shares to $8.50 up from $7.75.

With such a strong move higher, we will hold off on placing a target price as this ETF has the potential to keep running higher. With that said we have a price in mind to exit around the psychological $10.00 level.

TRADE ACTION

Current position: 500 shares

Stop Loss: Increase from $7.75 to $8.50

Target: No target price.

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.