Uroy 10:1 Risk/Reward 360%If we head higher from these levels, and if we continue upwards, like many other uranium plays at the moment...we could reach a 10:1 RR
Fib-Extension 1.618 is pointing towards 10 $
High Risk High Reward?
URA
Centrus Energy - 300% possible?Centruy Energy looks quite goot at this level.
Lets look at the longer timeframe. Stoch RSI looks to turn up.
We are breaking throught the 36M SMA and 12M SMA, as it seems.
Momentum has been reset in addition.
A more convervative view would be the monthly resistance Zone with around 195% upside.
300% sounds unrealistic? - The company was valued the same 2013, that`s why we have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
Bannerman Energy - 300% on the MonthlyLets look at the longer timeframe. Stoch RSI looks to turn up.
We are breaking throught the 36M SMA and 12M SMA, as it seems.
Momentum has been reset in addition.
300% sounds unrealistic? - The company was valued the same 2011, that`s why we have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
URA still a little more downside for the next tradeRisk to reward will look quite good. and 40$ should be achieved.
After the breakout (the red dotted line)
CCJ contracting Trianglethere might be a little more room to the downside, before we continue with wave 2
URA contracting triangleNearing the resolution. Could be the low. but..
It might as well retest point E (wave 4)
URNM- Sprott Uranium ETF -Bullish trends in Uranium 2023 posting this up to see where it is in the future....
Uranium is bullish. Miners of Uranium should also show bullish activity.
DNN - Denison Mines -Bullish trends in Uranium 2024 and Beyond Uranium Fundamentals and Thematic backdrop set for bullish decade after many years of muted price action in uranium spot prices.
Miners are currently showing capital outlay at prices that are lower than cost of production. (over supply and stockpiles from Cold war and interest in alternative green energies)
Denison is a serious player in the space and will be one of the largest mid-level producers once the mines are up and running (after 2025) it has licensed mills / building sites in the "Persian Gulf" of Uranium in the world.
Denison name is known to retail investors and speculators but has gone sideways for a year. Bullish posture has maintained and Uranium is now in a position to trend toward $60+ dollars per pound.
This means that retail narrative could get involved in Denison
just posting this up to see where it is in the future.
*****Commodities pump of 2021-2022 was possibly not a fluke but a hint at a longer term trend for the decade******
Long URA Uranium Miners Breaking OutUranium miners are breaking out of downward sloping resistance trend line. If the world is serious about going green then nuclear will have a big part to play and the world needs uranium.
URA offering 100%+ on long term energy transition1. Bullish pennant forming
2. Target is $42.76
3. Support tested and held
UROY LONG SETUPNASDAQ:UROY
On the daily chart UROY which is a uranium royalty play
is at a three month long. Outlook is good when energy
costs are rising and uraniums is widely considered
more green than Oil, natural gas and other CO2 producing
fuels.
The RSI Oscillator is in mid-range. Within the past
few days, a high spike of buying volume is noted.
A Doji candle a few days ago signaled the reversal.
It is there that I will set the stop loss.
I am targetting a 40-60 % retracement of the downtrend
mindful of the Fibonacci levels and so about a 20-25%
upside.
URAs breaking out on volumeUranium miners jumped over short-term resistance this morning (9 & 21 DSMAs). With strong volume at 11 am and support at 200 DSMA having held from two days ago, I'm looking for URA to maybe catch its breath at the 50 DSMA before pushing through and targeting 28 in September.
8/10/22 URAGlobal X Uranium ETF ( AMEX:URA )
Sector: Miscellaneous (Investments Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $21.60
Breakout Price: $21.80
Buy Zone (Top/Bottom Range): $21.45-$19.85
Price Target: $22.80-$23.20 (1st), $25.90-$26.50 (2nd)
Estimated Duration to Target: 30-32d (1st), 99-106d (2nd)
Contract of Interest: $URA 9/16/22 22c, $URA 10/21/22 22c
Trade price as of publish date: $1.05/contract, $1.50/contract
CCJ - LONGA great swing idea in a major uranium player. At major support. Looking to for a push higher once the squeeze fires.
URA - 4:1 opportunity. Year long distribution patternWhat the market is presenting:
Neckline kiss setup
Daily view shows one year distribution pattern
Weekly view shows massive double top pattern
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Elliott Wave Analysis: Uranium Looks PromisingHello traders and investors, today we will talk about Uranium in which we see pretty nice and clean bullish development from Elliott wave perspective.
Uranium made strong and impulsive rally from March 2020 lows, clearly within a five-wave cycle which suggests a bullish reversal at least in three waves A/1-B/2-C/3.
After a completed five-wave cycle into wave A/1 at the end of 2021, Uranium slowed down into a wave B/2 correction, which looks like a complex w-x-y corrective decline that can be now approaching the end soon.
From technical point of view, ideal support is around former wave "iv" and 61,8% Fibonacci retracement that comes around 17-15 support area. So, once current wave B/2 correction fully unfolds, we believe that Uranium will be headed higher into wave C or maybe even wave 3.
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Uranium W5-wave up impulse is done. Now WXY correction. Green box is a good buy zone. This set up is invalid if price drops below $6. Overall I’m bullish on #uranium.
Uranium macro play. Big time bullish.Symmetrical wedge on the monthly chart with large bias to the upside. All VWAPs and EMA clouds are underneath price, creating a great probability to push price to the upside in a big way. Current April candle is forming a bullish hammer as well (same with prior in March). Only drawback I see currently is the RSI has less room to the upside to realistically move. I've rotated a portion of my LT portfolio into $URA.
4/3/22 CCJCameco Corporation (NYSE:CCJ)
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 11.562B
Current Price: $29.03
Breakout price: $30.00
Buy Zone (Top/Bottom Range): $27.10-$24.65
Price Target: $34.80-$36.00 (3rd)
Estimated Duration to Target: 150-160d (3rd)
Contract of Interest: $CCJ 9/16/22 35c
Trade price as of publish date: $2.55/contract
