Uranium Tries to Break the Wedge of War

Nothing quite like waging some war in order for uranium stocks to break their "wedge of war," highlighted below on the ETF's daily timeframe. 

With global tensions rising, now would seem to be the proper time for uranium stocks to wake up from a multi-month nap. Before that nap, uranium stocks were off to a hot start in 2017, but apparently drank too much wine around Valentine's Day, as they have been asleep ever since. 

However, that corrective action has amounted to forming a well-defined wedge consolidation, not just on this URA ETF but also in individual names like CCJ. 

Given the strong action this morning in the group, I am looking to see if they gather steam throughout the session and bring in more hot momentum money which seems to love playing these high beta issues. Considering the squeeze in TSLA and some high beta China plays like JD MOMO taking place this morning, bulls may feel galvanized to do just that with uranium stocks, too.