Giant Ascending Triangle-LTBRLTBR seems to have formed a 4 year bottoming pattern which seems to be imminently broken
You can view this strange bottoming and reversal in the form of the consolation drawn on the chart
Nuclear
LEU(CENTRUS ENERGY) and LTBR (LIGHTBRIDGE) LONG LONG LONGLEU seems to be undergoing a continuation from its prior move months ago, while LTBR seems to have completed a 2 decade reversal pattern and conformation to hold the breakout is key
$NNE longNNE is in a channel right now, but basic support has formed, with a sucessful bounce. Besides the TA, the company in general has quite a bit to offer.
OKLO: mid-term topping potential in nuclear space The swing long set-up from Dec pullback is about to fully realize its potential
From my Dec chart archive:
pbs.twimg.com
And Jan update:
pbs.twimg.com
when I wrote: "It wouldn't not surprise me to see price pulling back bellow Oct's highs slightly and finding support on rising 8/21 emas before continuing its advance. Until price is above 21 ema, next important macro-resistance zone: 33-40"
As for now my operative scenario that price is preparing either to finish its upside momentum extending towards: 46-50 resistance zone or already have finished it and in the process of bouncing before a larger corrective way starts unfolding in the coming weeks.
If we have the mid-term top already in place, then 20-12 macro support zone might be a good place for the larger bottom to start forming before the new larger upside trend beginnes.
The same kind of pattern (bounce and new larger corrective way down) I expect to manifest itself in the coming weeks in other leading energy names (NNE, CLS, VST, GEV)
If price moves above the resistance zone mentioned, the proposed scenario needs to be re-assessed.
Thank you for your attention and wishing you the best trading and investing results in 2025!
$SPROTT Physical Uranium in 2 year coiling triangleAfter a surge of prices in
SRUUF and spot uranium in 2023 - nearly doubling from ,from ~$12 to ~$24 - SRUUF
spent the entirety of 2204 retracing back to around $16-17... forming a triangle pattern that is gettin increasingly tight. At some point in 1Q or 1H this year believe the commodity will start a bullrun that could last years driven by increasing demand
At Goldman
CCJ conf: "The industry is seeing demand the likes have never been seen before"... Pariticularly, in the last half oft 2024, the market has seemed increasingly interested in developing nuclear power solutions to power all the new AI data centers in a green way. New tech is faciliting this. Even if many of the new reactors don't come online for years, firms will be stockpiling have to start stockpiling
Positive technical developments on the montly chart: that suggest
SRUUF
will break to the upside out of this triangle in coming months:
-Recent Positive Divergences in the BBP (bull bear power) and WIliam %R
-Oversold RSI suggest retrace is long in the tooth and the CCI is at the -100 level where its bounces every time since 2022
On top of that we are sitting near the anchored VWAP since inception for the first time in a year and that has been a supportive chart point area ever since. The volume profile suggest that should occur mostly between the range of 16.9 and 20 dollars.
If vwap fails and it breaks out of the triangle to the downside, possibility of a quick move down to the 13 area
Rising Demand for $SRUUF uranium to rise steadily riseAfter a surge of prices in OTC:SRUUF and spot uranium in 2023 - nearly doubling from ,from ~$12 to ~$24 - OTC:SRUUF spent the entirety of 2204 retracing back to around $16-17... forming a triangle pattern that is gettin increasingly tight.
At Goldman NYSE:CCJ conf: "The industry is seeing demand the likes have never been seen before"... Pariticularly, in the last half oft 2024, the market has seemed increasingly interested in developing nuclear power solutions to power all the new AI data centers in a green way. New tech is faciliting this. Even if many of the new reactors don't come online for years, firms will be stockpiling have to start stockpiling
Positive technical developments on the montly chart: that suggest OTC:SRUUF will break to the upside out of this triangle in coming months:
-Recent Positive Divergences in the BBP (bull bear power), WIliam %R
-Oversold RSI suggest retrace is long in the tooth and the CCI is at the -100 level where its bounces every time since 2022
on top of that we are sitting near the anchored VWAP since inception for the firs time in a year and that metric has been a supportive price point in the past,
We be stuck chopping around here a couple months or more but I think the stars are aligned for OTC:SRUUF and physical uranium to outpace other commodities for year, perhaps many, to come
NuScale Power (SMR) - Cup and Handle Breakout, Target $25 - $40Overview:
NuScale Power Corporation (NYSE: SMR) is showing a bullish Cup and Handle pattern, a classic setup that often precedes a significant upward move. The cup has formed over the past few months, and the stock is currently in the handle formation, signaling a potential breakout.
Technical Setup:
Pattern: Cup and Handle
Breakout Level: ~$20.31 (current resistance area)
Target Zone: $25.37, $33.65, and $40.57 (potential targets based on previous resistance levels and measured move)
Handle Formation: The current consolidation in a descending channel within the handle adds to the potential breakout strength.
Price Action:
A breakout above the $20.31 level would confirm the cup and handle pattern, with the first target around $25.37 and higher targets up to $40.57.
The price could continue to consolidate within the handle for the next couple of weeks before making a decisive move, making now a good time to watch for a breakout.
Risk Management:
A drop below the $18 level would negate the setup, suggesting further consolidation or a potential reversal.
Catalysts:
Watch for upcoming earnings and other news that could act as a catalyst for the breakout.
Russian nuclear warning lifts gold Gold extended gains for a second session, climbing to $2,630 as tensions between Russia and Ukraine reignited demand for safe-haven assets.
Russia unveiled an updated nuclear doctrine Tuesday, paving the way for potential use of atomic weapons, just as Ukraine deployed U.S.-manufactured missiles on Russian soil for the first time since the war began.
Russian Foreign Minister Sergey Lavrov called on the U.S. and its allies to take note of Moscow’s revised nuclear policies.
On the technical front, gold’s recovery may have further room to run, with the 4-hour chart signaling potential upside. However, the Average Directional Index (ADX) suggests trend momentum remains muted. Key resistance levels include $2,639 and the 200-day simple moving average at $2,654.
D - Dominion Energy has solid uptrend to play AI energy boom
Reverse H&S formation might pave way to $70s. Stays comfortably above 200dma with strong uptrend.
Amazon recently signed agreement with Dominion Energy to explore energy opportunities with Modular Nuclear Reactors.
Nuclear names getting boost recently with expected energy demand from AI boom.
Uranium Go Boom!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 breaking outDenison 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 is $8.50 before the all time high around $14.
Cameco (CCJ) vs peer group uranium miners (Jan 2023-April 2024)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 Kazakhstan, which may be curtailed via legislation (sanctions on Russia and possibly Kazakhstan) or supply chain disruptions (reduced military presence in Niger, announced operational curtailments in Kazakhstan and Saskatchewan which together produce half of global supply). (b) Legacy nuclear facilities are being extended beyond scheduled retirement dates, which will add to demand-side pressure. (c) Nuclear energy is a significantly less elastic market than other types of fuel due to the continuous operational nature of facilities and imperfect substitution alternatives in the short term, which maintains a floor on uranium demand.
For consideration: Buy uranium miners located in stable jurisdictions, friendly to US and European interests, and located close to natural markets for fuel consumers.
Canalaska $CVV up 50% on new findNew 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 of your own trading.
Macro trend reversal: Uranium ETFMultiple 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
$URA: Bulls at 30 seem positioned wellAMEX: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.
Cameco (CCJ) stock breakout confirmed...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.
LTBR Golden bullish cross!!!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
Levels of Interest $GETA 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 percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Cameco... Watch It GoThe 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.
Uranium Renaissance 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 crossing above short and long averages, and now price is trending above all averages with all averages moving higher. Lower PPO and TDI indicators are showing bullish trend and momentum behind price.
Not much to not like about uranium and associated mining stocks right now. Get in while the gettin' is good and just hold the line from there.
Uranium markets tightening up for volatility...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.
maybe uranium becomes an epic short againthe 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 days in broader market.
SP-500 : We are already in a recession!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 regards,
EXCAVO
