#UUUU A reversal off the 200dma could bring about buying oppNice level here at the bottom of channel consolidation and the 200dma. Watch for reversal to get long for much higher targets
Energyfuels
$UUUU forming a monthly lower high? To see lower prices ahead.I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does.
$UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so.
First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support.
Then longer term over the course of the next year, I can see $UUUU heading back to the range it broke out from.
Let's see what happens.
UUUU energy fuelsbullish funnel formation
easy invaladation here if we fail the next couple of levels cut the position quickly
77% to range high, very decent r/r
in 2006, Energy Fuels went 50x in 320 days Ask yourself: Would you have been able to hold through the multiple 40% corrections in between?
Energy Fuel - Deja Vu Pattern, Cup Could Break to the UpsideEnergy Fuels is the leading U.S. producer of uranium – the fuel for carbon- and emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating climate change and air pollution.
Energy Fuels is also a major U.S. producer of vanadium and an emerging player in the commercial rare earth business where its work is helping to reestablish a fully integrated U.S. supply chain.
With a truly unique portfolio, Energy Fuels has more production capacity, licensed mines and processing facilities, and in-ground uranium resources than any other U.S. producer. It boasts diverse cashflow-generating opportunities, including vanadium production, uranium recycling and rare earth processing.
ZINC8 ready for next direction*** This is just for educational purpose. It is not an investment advice. I am just sharing my own analysis.
Thanks for watching. Follow if you like.
UUUU ENERGY FUELSI am Uber bullish on #uranium sector. Looks like consolidation is over and we are ready for a new move. Technical looks very good, beside strong fundamentals for uranium and this particular company. Inside of megaphone pattern we are also seeing bullish formation. Price is hovering just above 50 DMA which is a bullish sign. new price target around $8.86 and we should get there by April 5th + or - $0.5 on a price and a day or two on a date
Energy Fuels ranging, Breakout 7.43$Expecting a small range getting built here.
7.43$ Monthly and the whole area is a HUGE resistance.
Once broken, strap on your seatbelts
UUUU Energy fuels potential bull flagIt is early to state but I just found that Energy fuels(UUUU) could be in a bull flag. It could stay in it with retracement taking us back as low as 50% from the peak which would account for $3.48. If it was the case, then after breaking out to the upside potential price target would be around $11-$12. Taking into consideration uranium market condition it is not that far-fetched.
Energy Fuels 4.50$ by EOY?!?!$UUUU
$UUUU Might be ready to push to the Monthly at 4.50$ before EOY. If it does, it will likely range a bit between the Monthly and the Weekly below.
#EnergyFuels #UUUU
$UUUU Uranium Long to 9, 35 EOYUranium and Metals will rise. US-China tensions will not go away with Biden, in fact only grow. This is the path we are on.
PTs 9, 22, 35
Clean Power Capitals Enormous buying volume in monthly charts. Looking forward.
Do you own research.
*** Just sharing my opinion not an investment advice.
UUUU ready to explode !!!Price right at resistance !
Volume vacuum above 2.12 !
Beautifol multi month inverse H&S formation.
UUUU is a secure buy with a stop right underneath resistance.
Unfortunately I do not heave any spare cash to invest.
However it will be nice to watch !!
Energy Fuels - Breakout & Pullback Confirmation?The latest test of the white line trendline following the mid-April breakout, suggests a confirmation pullback might be forming. Price needs to pick up for the breakout to sustain.
UUUU: Energy Fuels IncEnergy Fuels state they are "the No. 1 uranium producer in the U.S. with a market-leading portfolio" as well as being a recent vanadium producer.
Energy Fuels Inc., together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of conventional and in situ uranium recovery in the United States. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah. It also holds interests in uranium and uranium/vanadium properties and projects in various stages of exploration, permitting, and evaluation located in Utah, Wyoming, Arizona, New Mexico, and Colorado.
Energy Fuels owns two fully licensed and constructed ISR uranium facilities in the U.S, with a combined capacity of 3.5 million pounds of uranium per year.
$42.6 million of working capital, including $16.6 million in cash, $11.4 million in marketable securities, 485,000 pounds of finished uranium goods inventory, and 610,000 pounds of finished vanadium goods inventory.
The Company completed no uranium sales of any significance during the quarter and continues to add to uranium inventories.
On July 12, 2019, President Donald J. Trump issued a Presidential Memorandum pursuant to Section 232 of the Trade Expansion Act of 1962 (as amended), ordering the creation of the U.S. Nuclear Fuel Working Group (the "Working Group") to "examine the current state of domestic nuclear fuel production to reinvigorate the entire nuclear fuel supply chain, consistent with United States national security and nonproliferation goals." The Working Group has 90 days from July 12, 2019 to complete its recommendations to the President. The Company intends to continue supporting this initiative in Q3-2019 and believes it has the potential to result in actions that provide meaningful support to the U.S. uranium mining industry.
M timeframe BEAR
W timeframe break above BULL
D timeframe overextended overreaction BULL
RSI W timeframe oversold BULL
MACD W bears loosing momentum BULL
UX3Mo futures broken above TR line BULL
RRR more than favorable BULL
Nuclear reactors building in India, Russia, China
Japan considering running again nuclear reactors after Fukoshima
Kazahstan cutting supply due to mine amortization
Low prices have taken out non-economical uranium projects
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LONG UUUUExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Long UUUU rebound Trump did not approved increasing import tax from 7% to 25%. That would greatly benefit domestic uranium miners, such as Energy Fuels Inc. Trump did not approved simple tax, but called for a working group to evaluate and work with industry how to help domestic uranium miners, so USA would be more independent on their Uranium purchases, citing national security. 36% sell off is big overreaction, turnaround for 232 petition isn't what everyone expected, but it's not bad, it's quite positive actually. Meaning in 90 days, UUUU should at least once touch area 2.5-2.8 USD, if not because of fundaments, at least because of TA.
LONG UUUUExpecting bounce from extremely oversold weekly and daily levels after huge drop regarding section 232 rumours.
UUUU - Could Go Either Way Short Term; Bullish Long TermClosed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only vanadium produced in the US.
The section 232 for Energy Fuels will be absolutely massive if approved and based on Trump's previous policy, that seems fairly likely. However, if denied it will destroy a lot of enthusiasm. The 232 was filed Jan 16th, 2018, and they were federally inspected a couple months ago. Once an investigation is started (started in July 2018), the final decision must be made within 360 days.
Uranium futures is crossing MACD and positive CCI - now to find UX1!
Where is the good yellow cake deals?
Technology will be good for next 5 years here, so look at CCJ today for entry signals and pass along your ideas @Pokethebear (I'm not supposed to be here).
When will V (Vanadium) get it's own futures symbol, anyone? What's the metrics here, when was last futures metal added? Why do you like and not comment.
Not looking so good: SI1!, HG1!
Looking ok: GC1!, and iron ore whatever symbol that is...lol
