URG tagged the .618 retracement point

The over shoot to the upside was meet with the overshoot to the downside and hit the Fibonacci retracement point on Friday. The extreme bearish sentiment kept most buyers on the sidelines allowing the shorts to dump shares and manipulate prices down to the fib support level. There should be a bounce from here within days. Weak hands and sellers capitulated on Friday in sympathy to the sell off.