Uranium Fundamentals and Thematic backdrop set for bullish decade after many years of muted price action in uranium spot prices. Miners are currently showing capital outlay at prices that are lower than cost of production. (over supply and stockpiles from Cold war and interest in alternative green energies) Denison is a serious player in the space and will be...
IDK still thinking DNN pushes to $2.14 ish b4 an ABC bullish correction and tests the orange U308 futures line. But If U futures dump here then DNN could meet the confluence at lower levels. My bullish bias is supported by the fact that wave 5 seems to be still underway on the daily. Also Weekly & monthly charts still bullish tilt. & also DNN sitting on mid...
$DNN - Uranium is the few industry group that you would probably find RS over the last 2 wks of market weakness. $UEC and $NXE have already taken off yesterday from their pivot levels. $DNN currently sits on its VWAP support from last ER, beneath a major pivot. ATR/$ at 7.17%
I have longed Denison Mines Corp as a long term investment. As it stands, nuclear energy is the cleanest and most efficient way to produce energy. With all the macro fundamentals, along with the narrative that oil can double from here in the next decade, I believe governments will be forced to look for reliable and high output energy production...
Uranium futures are now tightening at the 21 MONTHLY moving average, above the 50 month moving average, and retesting the lows of 2014 and the highs of 2019. This is the type of signal I've been waiting for to pull the trigger. Here's an example of a small cap uranium miner I like: John Quakes is a great guy to follow on Twitter if you want to learn more...
Here is my detailed analysis on UUUU. I think we need to test $3.60 to finish the larger HTF Wave C. Please like the video and share it on your social media. Big Mike loves you all.
Just playing around with DNN Stock I am not in trade. Just learning and sharing thoughts. Any negative news could throw off predictions
DNN chart upward channel, good support level to buy with expect rise to 2.2 $ from current price of 1.7 $. Convergence with CCI indicator suspected price rise.
Bearish, guys. Divergence on Jurik's relative strength and Directional momentum is crossing the median. We might be starting to draw a new zigzag in which event we are able to map potential goals before reassessment. There are two potential goals here, at which stage I will reassess the state on this stock. We are not in the business of getting every prediction...
DNN mines look loaded TA shows something is brewing.....
$DNN $DML Daily - Looks like inverse head and shoulder completed its pattern
$DNN $DML Monthly - we are in Uber bullish territory according to Ichimoku Cloud. Next price range is $2.26-$2.41
$DNN $CCJ $UEC $UUUUU $URNM $UEX Nilce bullflag.- nearly through the traffic!
$UEC cup and handle weirtd bullflag-like structure evolving. Somewhere between $DNN and $UUUU in terms of progress through it.
She'll be coming round the bullflag when she comes.... She'll be coming round the bullflag when she comes.... She'll be coming round the bullflag She'll be coming round the bullflag She'll be coming round the bullflag when she comes! A bit behind $DNN
$DNN churning around the flag. Now level-up to the top compartment of the yellow box heading for blue!
OK OKOKOKOK Uranium in a freefall? Is it? So where is the bottom?? $34.40 - see the chart for explanation. I see a big multi-leaf IH&S. Tricky chart ! But there it is. I have seen no better explanation for this chart. Tips accepted ;)
$DNN firmly in the bullflag. Coming around nicely tracking on the VWAP... BUt looks like a reasonable chance it will slide down that falling wedge in line with Uranium prices, build up some RSI and away it can go again! It may take off, and if it does that VWAP and waistline become support.