Global X Uranium ETF
Investment Thesis
After a sharp -16% correction from its May peak, URA is now testing the 200-day SMA ($49.24) — the last line of defence in an intact golden-cross uptrend — while both absolute RSI (36.5) and the URA/SPY relative-strength RSI (30.9) approach oversold extremes. A hold-and-bounce setup at a critical level.
Catalysts to Watch
URA fell ~16% from its May 6 peak of $58.31 to $48.96, breaching the 50-day SMA and landing just -0.57% below the 200-day SMA ($49.24) — a precision test of the key dynamic support while the long-term golden cross structure remains intact.
Why It May Work
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Timeline
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