Portfolio manager and technical analyst John
Newell of Fieldhouse Capital Management charts a uranium and vanadium
explorer that is showing some movement.
Western
Uranium and Vanadium Corp. (WUC:CSE; WSTRF:OTCQX) has broken out of an
18-month basing pattern and met two targets from the last published chart.
Western Uranium and Vanadium has displayed remarkable technical strength
and the break above the resistance in the $1.60 area makes the extended
target of highs 3's to its third target of $4.14 now possible as the shares
have broken out.
When looking at other U3O8 shares, they also are beginning to show a
turnaround, also suggesting the sector could be on the verge of a
substainable move higher.
![24hGold - Vanadium and Uranium...](http://www.24hgold.com/24hpmdata/articles/img/The%20Energy%20Report-Vanadium%20and%20Uranium%20Explorer%20Showing%20Technical%20Strength-2018-09-25-002.jpg)
![](../style/all/img/bouton/Zoom_in_6.png)
Chart courtesy of Stockcharts.
John Newell is a portfolio manager at Fieldhouse Capital
Management. He has 38 years of experience in the investment industry acting
as an officer, director, portfolio manager and investment advisor with some
of the largest investment firms in Canada including Scotia McLeod, CIBC Wood
Gundy and Richardson Greenshields (RBC Capital Markets). Newell is a
specialist in precious metal equities and related commodities, and follows a
disciplined proprietary approach incorporating equity research, analytical
frameworks and risk controls to evaluate and select long and short stocks
primarily from the Canadian small and mid-cap coverage. Many large, midcap
and junior precious metal companies use his technical charts. Newell is a
registered portfolio manager in Canada (advising representative).
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John Newell has based this document on information obtained from sources
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John Newell manages the Fieldhouse Global Precious Fund Class G.
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Capital Management, September 21, 2018:
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