DNN break out?Seeing two triangles. Broke through one then came back to test it as support. Threatening to break out of the second triangle. With good volume, it may fly away.
From what I hear fundamentals are good. DYOR.
DNN
Something big is brewing in Uranium stocks. Don´t ignoreDenison is just one name that has very nice structure to it that signals a big up move. I am long Denison, WSTRF, FCUUF
Before DNN rises...Before DNN rises. The exchange rate may break out of the long-running band movement. It is currently building a larger wave structure. This resistance level can be a peak axis at a level of 0.800. Then, corrective motion is expected to reach 0.6360 levels. Then another peak axis and a valley axis in triangular form, a double downward wave structure. This can reach the neighborhood of 0.5850 again. True strength can come from this level. The next rising wave structure can reach the W1 ATR axis, which can be 1 usd level. The primary target is the same as the price.
DNN is the next downward wave..DNN is the next downward wave. The exchange rate has ended the waveback correction (AB) wave. I expect a new drop wave from 0.4882 levels. The down arrow (BC) target price is 0.3226
4th of July Fireworks in Uranium Price ? Final low in Uranium? Harmonic bullish bat pattern in uranium price recently.
Plus 10 year GANN cycle completed on June 30, 2017 exactly 10 years from the previous peak at June 30, 2007.
So a harmonic bullish BAT pattern and a 10 year GANN (the greatest trader who ever lived ) cycle on June 30th ? I will take those odds any day.
I am no expert in GANN, but these confluence of data is impressive to say the least.
Put uranium on the RADAR.
comments please !!!!
