Uranium looks ready to explode higher. This commodity had a daily chart breakout today and no one is talking about it. Silently triggering a bullish inverse head and shoulders, this should yield more upside. I'm looking for this breakout move to be confirmed in the coming days. If it confirms a breakout this will be a likely trade that we can buy the dip on.
Denison Mines is breaking out of its 12 years range on massive volume. The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry. Coupled with the devaluation of developped markets currencies, this could propulse DNN much higher. Next resistance is the $4 area, then there...
As a sector, uranium mining has been in a strong uptrend throughout 2023 with a peak in early 2024. Pullback currently underway, based on Uranium U308 (UX1!) spot price softness since January 2024. Geopolitical and operational factors to be considered: (a) Nuclear energy facilities in Europe and USA are reliant to a large degree on fuel sourced from Russia and...
New uranium find has pushed Canalaska up 50% in a day. Wow! Downward trend channel formed in April 2021 and almost 3 years later it has broken out, pulled back and now rocketed with volume. 0.85 therefore seems achievable and 1.54 all time high could also be possible. As ever, this is not a solicitation to trade. Do your own research and you decide all aspects...
Multiple geopolitical and macroeconomic factors providing strong tailwind for Nuclear power. From a technical perspective, there is a massive macro trend reversal playing out here with volume behind it, which presents a promising long-term opportunity. DYOR. happy trades, CD
AMEX:URA showing promise here at 30 and we could be looking at a turn around in price soon. Growth stocks may need to find their footing and dollar may need to soften a bit but for now, this seems like a decent spot for longs. Best of luck traders.. The green line at 27.5 was where our previous trade occured for a nice little run and is linked to this post.
The Cameco stock price has broken out on the monthly candlestick. This is as good as it gets for a bullish indication. The future is Uranium and it appears the investing world knows this. The red resistance line goes back as far as 2007, so any moves following this breakout are likely to be significant. Buy near this breakout level, but not much higher.
The 50 ema, red line, is about to cross the 200 ema and sma, on the daily. Golding cross baby!! Stochastics RSI is over bought on the 4 hr and daily, fyi. The ADX is showing the buyers are still strong. The green and blue lines are the anchored V wap. Blue is the middle. I have 2 anchors. The previous high around $12 and the previous low around $2.75
TA levels of interest for NYSE:GE Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment...
The second largest mining company in the world has one of the best looking charts out here when it comes to commodities. Price is currently breaking up and out of a pennant pattern, and lower indicators show that trend and momentum behind price support the move higher. Train is leaving the station soon, load up now and add more at each stop.
Solar, wind and hydro are not practical replacements for fossil fuels. Nuclear is, and U308 price is starting to reflect the sentiment shift toward the cleanest of green energies. The Fukushima incident created a selloff in uranium for nearly a decade, but the trend has since reversed. Uranium price has been in a healthy uptrend which began in 2021 with price...
URNM looking good. Alot of tightening for YEARS. This means volatility is probably on the way. On top of that it is a relatively untouched narrative with a powerful idea in nuclear energy behind the markets. Currently at a great position for buys.
the bull market turn around in uranium has made the news, and outlasted a broader energy sector comeback. technicals are threatening a reversal bac to bears, and the monthly-quarterly view is making a breakdown. if we maintain these resistances then i am betting on a massive short play in uranium in a 5 year daterange. short urnm and long ery on breakouts on down...
We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C. A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail. Best...
The Swedish election results are inline with public opinion. 60% of Swedes want more nuclear power. Largest supplier of uranium to Sweden is Russia. 800mlb uranium deposit is the worlds 2nd largest. Could be years from development though seems overvalued! The swedes have been closing nuclear plants. Keep and eye on it/ b
Fundamentals: + Exposure to "Risk-Off" Utilities. + Biggest E.U nuclear power operator. (52% of E.U Nuclear power comes from plants run or used by EDF) + Need for upsizing given the Russia-Ukraine commodity constraints. Opinion: EDF is undervalued at its current price. As the situation with Russia deteriorates, as an energy partner; a "Risk-Off" idea, presents...
Where is the world heading to? Nuclear energy? hope that's all. Since march 2020 crash, URANIUM has not stopped rising in value (+354%), and since December 2020 volume has began to rise significantly. There is high probability that it will reach new highs, from 35 to 60 usd, during this year 2022. As my XAR analysis, I really hope I'm wrong this time. Check my...
A symmetrical triangle is forming in PDN. We have made the bottom side of this triangle, and it looks like the price is returning now to the upper side. Around quotes of 0.98 AUD should the upper border of the triangle be touched. After breaking the triangle pattern at this point or later, the bullish trend in Paladin Energy Ltd. should continue.