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Uranium Miner ETF Breaking a 2 year Resistance TrendHi Guys! This is a Technical Analysis on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe. We are currently in the process of BREAKING OUT of the Major Resistance Trend that started from November 2021. Just KEEP in MIND -> The candle closes end of the trading week. So if end of week we are still ABOVE the resistance line thats 50% of the work done for TREND CHANGE to occur. The other 50% to reach 100% of completing the job is the observation of CONFIRMATION above the resistance and having it turn SUPPORT. Once we do that, we can start moving towards TARGET 1. Notice also how for multiple weeks straight we tested SUPPORT on the 21 EMA, and now we are moving above it. This is a sign of BULLISHNESS Remember we must wait for CONFIRMATION above the resistance. Without it, the chances of a FAKEOUT are probable. STOCH RSI is showing that BULLISH momentum is entering. As long as we maintain this, moving up above the 80 level. It INCREASES the PROBABILITY that we complete the TREND CHANGE above the Major Resistance Trendline. RSI is also in the process of a Trend Change. Notice how we tested SUPPORT and bounced off the BLACK line. Stay tuned for more updates on URNM in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
AMEX:URNMLong
by SafofAllTrades
$LINK; LONG SETUP- PENDINGHello friends, This is a free of charge BIST:LINK setup for everyone to share and enjoy. However, this is PENDING and AWAITING for more confirmation. I will update all when the trade is a go and or no go. Arguments- A beautiful bullish pat pattern has flew from the caves and printed a local double bottom right around the .786 fib which is the GOLD standard when looking for areas of potential reversal. Now, we are above a infliction point, HOWEVER it is still awaiting that confirmation hence why the trade is still PENDING, as of now. We see on the oscillator's that regular class a bullish divergence has also developed and is in the process of follow through i.e price action. My stop loss shouldn't be your standard, as everyone has different strategies, however this is something that I would do. This is not trading advise and this trade is not active. This is me sizing up an asset and waiting for the alert to hit send ;) GLHF
BITFINEX:LINKUSDLong
by BShellhammer
Apple: Almost ripe for the picking 🍏The Apple price has fallen significantly and has meanwhile dipped into our green target zone. Thus, we think that it is currently in its green wave (4), whose end it should slowly dedicate itself to. Afterwards, it then goes uphill for him, why placing long orders is worthwhile. Alternatively, it would go even further downhill should the price fall below the upper target zone. According to this scenario, which we assign a probability of 34%, the price would have to fall into our second target zone.
NASDAQ:AAPLLong
by MarketIntel
RPOWER LONG ENTRYSeems like a healthy pullback RPOWER showing a long opportunity. My entry position was seems quite early but giving a better opportunit now with price at good support level, near 50 Day SMA (blue line) accompanied by price up with big volume and down move with negligible volume. Crossing red line that is 200 D SMA could possibly give much more gain. Disclaimer: My ideas are not for recommendation purpose. I am just sharing my idea to share with community.
NSE:RPOWERLong
by sharmagkp
OGNUSDT STILL PROMISING AND JUST ABOUT READYLike you, when you were growing up, OGN shows huge potential. Unlike you, I expect OGN to really perform from its current level and quickly become one of those coins that make people regret not entering when they read this. Meh. Use it, don't use it. If you do, and would like TP's, DM me and we can talk. Trading is easier when you're confident. That's what I'm offering. See my previous OGN post what happened minutes after it was published. The next run will me much, much greater.
Long
by Rebelmedia