BUY - Boss Energy (BOE)
*** GENERAL AVICE ONLY***
Trade Date: 02/02/2024
Recommendation
Buy BOE
Entry price: Market on Open
Target Price: $6.90
Stop Loss: $5.10 (10% Trailing stop)
Rationale
Boss Energy (BOE) has been the strongest ASX listed Uranium company in recent times. BOE has tested new highs again this week, so looking for it to continue leading the pack and onto higher prices. The supply deficit in spot uranium has not changed, so looking to buy this break and have the momentum carry BOE to higher prices. Overnight Uranium prices have also hit 10 year highs, so expect BOE to rally this morning
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.