UEC
UEC bull signals continueIchimoku lagging span went blasting past the ATH iceline. If this day candle closes above I'd consider that a second indicator. A golden 50-200DMA cross appears to be imminent. So the next plottable zone of resistance would be $4 from 2012's high. Energy market fundamentals say energy market is bullish for the year's remainder barring any changes.
UEC Uranium about to resume upward moveUEC recently formed a double bottom on the daily chart.
Confirmation of the double bottom should happen when the peak in between the bottoms is broken. That recently happened when $2.37 was broken.
The double bottom also touches off the 0.618 fib retracement level after a strong run up beginning in November and ending in June.
The price action has poked its head above the 200 SMA which I take as a bullish sign.
Price has dipped since the open today. I will look to place a stop buy around today's high of $2.48 to see the upward momentum continue.
By this time the 9 and 21 SMAs will likely have crossed. Note this happened in July also above the 200 SMA but price fell to make the second bottom.
Interested in your views, opinions, correction and alternative ways at looking at this.
UEC long setupUEC resisted a head and shoulders by a narrow margin.
The 12 / 16 EMAs are narrowing, and appear to be ready to cross.
The MACD has just taken a sharp turn upward from oversold, and looking to cross the zero line.
When these 2 signals coincide I will enter a long position, aimed at 3.20.
1D Close under 2.07 is fail, stop out.
WATCHING $UEC for ENTRY TARGET @ 2.36 for 27.97%WATCHING $UEC for ENTRY TARGET @ 2.36 for 27.97%
I’m practicing to nail my entries even better… IF target hits I will look at this again and possibly take a position.
Uranium, huh?? What’s uranium used for?? I’ll play at 2.63.
Double at 1.70 is it goes down.
UEC Uranium Play is Ready to go DEF CON 5!I had a random thought, voice, divine intervention, I don't know what it was but out of no where I had this, more than a thought or idea, but it was clear... "Look at URANIUM! " Subtle real Subtle......*slowly starts to run away*
Anyways in my dive into Uranium Plays I looked at URA which is a ETF and good but kind of slow....and about 4 other Uranium Stocks....Then I found this one UEC. UEC is not only a Company that stock piles Uranium, they invest in other companies stocks that have uranium! ETF Warehouse of URANIUM! AMAZON of URANIUM! ok I digress you get the idea. So that said I found the bottom, drew my trend lines from the past, slapped it and called it Sally......Waited for it to dip and then bought in on some option calls. I think where it is at currently isnt a bad place to get in $3.07. The option calls are .15 out of the money and .25 in the money! I mean I dont know what gets you all excited but I couldn't stand up for 15 mins when i found this.....Mostly because My back hurt and it was locked up....but thats besides the point.
If you are looking to add some something Nuclear in your plays this is the play to get in on. Just my .02 cent worth but i mean thats all i can afford so dont listen to me......or do. Either way I'll still be sitting here not standing up.
by iCantw84it
05.27.2021
UEC URANIUM ENERGY CORPNice and clean uptrend parallel channel with price action bouncing off 50DMA. Looks like $ 4.42 next 52wks high before this stock takes a breather again. It might easily overshoot with recent uranium positive news. Looks like an entire uranium sector is ready to advance in May. UEC is looking great from technical and fundamental point of view.
UEC URANIUM ENERGY CORPUEC is primed to explode both fundamental and technical stand points of view. UEC recently purchased 1.2 million pounds of physical uranium. Price target $5.47 with April 7th to get us there - that is based on a chart and previous ATH run. Also H&S are forming in ascending triangle - super bullish.
Ichimoku Cloud:
1. Huge Green Cloud Base - bullish
2. Conversion Line over Base line and above Cloud field - bullish
3. Lagging span shooting up and above the cloud - bullish
4. Price is hovering above the cloud - bullish
This chart looks a bit too busy but I wanted to show as many bullish signals before it looks like a huge mix of colors.
Uber bullish on UEC, best looking technical set up IMHO
UEC Going up?I got in on UEC at .88 sold half at 5%.
I'm new to all of this but it seems to be bullish.
News:
Zacks & Columbine Capital Services upgraded UEC from a 3 to a 1.
Other interesting news on Uranium in general!
"Uranium is required for almost 20% of U.S. electricity generation in addition to fueling America's Nuclear Navy aircraft carriers and submarines. At present, the domestic industry is no longer producing uranium, 100% of requirements are coming from imports or dwindling inventory."