Yellow Cake chart is glowing green
It's been a great month for this uranium play, and independent analyst Alistair Strang's charts show the shares are close to a significant level.
10th June 2025 07:54
by Alistair Strang from Trends and Targets
The T&T newsfeed threw up stories about two members of K-Pop group BTS completing their military service in South Korea. There was also the latest from Gaza and Ukraine. Curiously though, the UK government announcing a £14.2 billion investment in nuclear didn’t pop up as relevant information.
- Invest with ii:Open a Stocks & Shares ISA | Top ISA Funds | Transfer your ISA to ii
Yellow Cake Ordinary Shares (LSE:YCA), the uranium stockpile company which gives the market a chance to effectively trade on the potentials of the product, is proving slightly interesting.
Currently, above 518p should apparently trigger a rise in the price to an initial 573p. If bettered, we should plan for a distant 718p glowing in the future as a point at which the visuals suggest some hesitation should become possible in the share price trajectory.
Importantly, share price closure above our 573p target exposes a longer-term 824p as exerting an attraction.
For everything to go wrong, the price needs to close a session below 487p to foul up our calculations.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.