$DNN Price has reach $1.22 resistance line. Next level $1.35 breakout and then whatever Mr. Market is willing to offer. With all positive #uranium news it is just a matter of time and most likely this week. RSI and Stoch in an upward momentum. looking great, good luck
1. 20DMA is crossing 50DMA in a downtrend pattern. 2. We are sitting right at the support line and Stoch indicator stating that we are in an oversold territory 3. Uranium sport price is not increasing while is the reason why we have recent sell offs plus red market is adding more pressure. It is very tempting to sell and buy at a lower price but one never knows...
Break out will depend on a U3O8 spot price and market conditions. Since Cameco had announced an emergency restart due to very low inventory of available metal and their contractual obligations it is just a matter of a very short period of time b4 spot price will start moving up North. DNN will be one of the lowest cost producers when they start mining. This...
DNN has been holding well the last 4 days. More buyer than sellers but not much. We need to break above the resistance level and then move above $1.30. Ichimoku cloud needs to turn green for an uptrend move. Looking good IMHO.
Uranium sector is consolidating at this point and time and is gaining a momentum for a new move. Fundamentals are strong with 60 millions pounds deficit. DNN will be the largest and resource of U3O8 in the world. Smart move by scooping up physical metal from a market is just accelerating the inevitable. Bullish pennant is just another confirmation that it is...
$DNN is a long-term hold (see DDs from others), but there is some encouragement in the short term as we are seeing $DNN nearing the end of a pennant pattern. As of writing, the price is dangerously close to the bottom edge. If support is there, we will see significant upward movement in the coming weeks. Arrow is purely to emphasize direction, not PT.
Spot price has reacted to DNN and UEC buying physical metal, currently @ $29.65. If stock price reacts to this tomorrow and we close in green candle above red open on daily then it is a very good sign. Also MACD is about to cross over from red to green.
Fundamentally not a very good company. Not profitable currently. DNN is getting caught up in the uranium bullmarket explaining the increase. DNN has some big projects starting up and with increase of uranium demand the company has a very good shot at getting profitable in the medium term. (Note: stockdillution will probably not happen because DNN has internal...
$DNN ran and hit our targets (exceeded them), so now it is time to consolidate. Today we broke support, so I would look to rebuy around the 200MA around .85 cents.
Denison is form an ascending, broadening wedge. We could see one last hooray to 2,5$ until a deeper short term correction is overdue. 2,5$ would be around 300% distance from the 200 MA.
I know it looks ugly but a possible inverse head and shoulders forming hair which is foolish scenario possibly for Dennison. Fundamentally uranium is supposed to go on a bull run because of the shortage from Cameco and Kazataprom, Sprott owns a nice amount of shares. Sooooo......
Uranium stocks have been bullish lately. With anticipation of the Trump administration/ Department of Energy releasing more guidance on uranium mining today. We will hopefully continually see it go up. RSI is hovering at 71 and has been hovering in that overbought zone for awhile. Volume seems to keep going up. Please note: I'm a complete noob at financial...
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.
Denison 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. 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...
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
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...