Uranium Stock Gearing Up for Major Bull Run
Contributed Opinion

It’s seldom that you come across a stock setup as bullish as that which currently exists in Tisdale Clean Energy Corp. (TCEC:CSE) where there is still everything to go for. Not only is the setup extraordinarily bullish, as we will see, but it will "have the wind at its back" going forward because the company is in a strong growth sector — uranium — and it has a very low number of shares in issue, understood now to be approximately 22 million and of these, only about 6 million are in the float, and so if this stock attracts more attention from the investing public, it is clear that its upside potential from here is great.

A 1-year logarithmic chart shows the setup to advantage. The use of the log scale chart enables us to "open out" the base pattern and thus see more clearly what is going on. On it, we can see that, following a severe decline, the stock started a basing process back last July – August, and it is clear that this base pattern has taken the form of a fine low Cup & Handle base that now looks to be about complete, and it may even already be complete as the very high volume a few days back as it crossed above the provisional upper boundary of the "Handle" of the pattern suggests that this boundary is valid. If this is so, then it only remains for the price to break above the resistance marking the upper boundary of the entire base pattern — once it does that, a major new bull market will "officially" have begun, and it will be on its way, and this looks likely to happen soon.

Although it is of limited use technically, the long-term 12-year chart is interesting as it shows us the kind of moves that Tisdale is capable of — back in 2016 and 2017, the stock soared to hit a peak at more than CA$26, and so the price now is but a tiny fraction of that.

Although it may, of course, be somewhat optimistic to expect it to repeat this performance, the still modest number of shares in issue at about 22 million and relatively tiny float at around 6 million shares, as mentioned above, means that huge gains from here are certainly very possible and it should be comforting for investors or would-be investors in the stock to know that the CEO of the company, Alexander Klenman, has demonstrated his confidence in the company by steadily buying the stock since November and adding 692.000 shares in open market buys to his position.

Tisdale Clean Energy is therefore rated a Strong Buy here for all timeframes.

Tisdale Clean Energy's website.

Tisdale Clean Energy Corp. closed for trading at CA$0.19, $0.141 at 10:00 am EST on January 30, 2024.

Important Disclosures:

1. [Tisdale Clean Energy Corp.] is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. For this article, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of [Tisdale Clean Energy Corp.].
3. Author Certification and Compensation: [Clive Maund of clivemaund.com] was retained and compensated as an independent contractor by Street Smart to write this article. Mr. Maund is a technical analyst who analyzes historical trading data and he received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
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Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.