Bayswater Uranium – reduced to Hold

Recommendation: Hold

Last week Bayswater Uranium closed at $1.55, and it appeared that the downtrend had been broken (the bright red line), so I rated it as a buy.

This week the chart has turned down, with the stock closing on December 1 at $1.41. The dark red line now indicates the downtrend has not ended, so.

I’m not selling what I own, but I’m not buying any more, either, so it’s a Hold. Prudent course of action is to wait until new high is made above $1.70 to resume buying.