It's a very good time for us to take an updated look at Tisdale Clean Energy Corp. (TCEC:CSE), for as we will see, it still holds its earlier promise and now even more so, which is all to the good as it is still at a very good entry point. Tisdale is a junior uranium stock that only has about 16 million shares in issue, and of those, only about 4 million are in the float.
We last looked at it in the middle of November and, at that time, thought that a tight bull Flag was forming that would soon lead to an upside breakout, but it wasn't, and it didn't.
Instead, it dropped down out of the supposed bull Flag to do more work marking out the base pattern, as we can see on its latest 1-year chart below, and it now seems like it wanted to stall for a time more to allow the 200-day moving average to drop down closer to the price, which is commonly why base patterns can drag on for a long time.
However, that said, we can also see that the Accumulation line has continued to advance, especially in recent days, which is a definite indication of internal strength and a sign that we are on the right track with this and it is now clear that the action of the past five weeks or so as it has drifted lower has been to form the Handle part of a fine low Pan & Handle base.
Tisdale Clean Energy is a junior uranium stock in a sector with strong growth potential that is tightly held, has a very low float, is under accumulation, and is still at a very low price.
We, therefore, stay long, and it is viewed as AN IMMEDIATE STRONG SPECULATIVE BUY.
Tisdale Clean Energy's website.
Tisdale Clean Energy Corp. closed for trading at CA$0.175, $0.13 at 10 am EST on December 8, 2023.
Originally posted at Clivemaund.com on December 8, 2023.
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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. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. 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 can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.