BUY - Deep Yellow (DYL)
*** GENERAL AVICE ONLY***
Trade Date: 31/10/2023
Recommendation
Entry price: 1.295
Target Price: 1.635
Stop Loss: 1.145 (12.5% Trailing Stop)
Rationale
Deep Yellow Limited (DYL) is a well positioned Uranium Junior located in two Tier 1 Jurisdictions i.e. Australia and Namibia. DYL will have significant production capability once in production with capacity of over 7 millions pounds per annum. DYL has the largest uranium resource base of any ASX listed company. DYL has been on a great uptrend recently rising to $1.40. It has recently retraced, but the uptrend is still intact. Opportunity here to buy around $1.30 where we can manager risk easily. Looking for trend to continue and price to test $1.40 again over the next few weeks, then onto new highs
Also see infographic below
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.