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URA

Possible Trend Reversal Expecting a Breakout SoonLooks like the bear market for Uranium ETF will be over soon. The price of URA has been in a bear market since 2011 with a high of $130 losing about 90% of it's value dropping as low as $11.25. On October 2016 it started a small rally that ended with a shooting star candle with the 150 Weekly MA acting as resistance at the price of $19 Top. Since then it has been forming a triangle of higher lows with the price of $11.50 acting as support. That triangle is expected to break by late 2018 to early 2019. As the current market conditions for commodities which overall are at the all time low, it shows chances of maximal financial opportunities. We are currently close to test the resistance at the range of $13.75. Breaking that level would take us to a new higher high changing the over all trend Uranium ETF. I'm not a financial advisor, this is my personal opinion. Only invest what you can afford to lose.
AMEX:URALong
by NL_LINK
$URA Prolonged consolidation or bullish bias?Fundamental - uranium has declined in price from its inception because of simple supply and demand. URA has now been in a consolidation pattern since 14 Oct 2015. Supply have meet demand in the zone of primarily 11.57 to 16.31. The bullish bias comes from uranium miners first making profit when price reaches 20. Therefore some uranium miners have been shutting down their operation until a price hike. Japan could be opening new facilities to enrich they energy supply to the mainland after they haven been open to it in public forums. First trade A rise over 16.31 makes a bullish entry with a stop loss at 11.57 and TP levels at 20 and 23.93 (support and resistance levels formed before consolidaton formation). Second trade TSI supports short term bullish momentum and entry on the price now and sell if it doesn`t break 16.31!
AMEX:URALong
by dannyking97
URA Uranium Potential BreakoutLets keep it simple! ish.. A few things to note about uranium... One of the most over looked assets. Most energy efficient source. With crypto currency mining, and other increases in electricity use, will increase demand for alternative energy. (isn't that what everyone's striving for? alternative energy?) Look at this beautiful chart, bouncing at the bottom around 11.50 respecting it for almost 3 years now. This is massive accumulation, which is also coming to the end of its wedge and 8 year downtrend. We will see action new years. Also the WEEKLY has squeezed and fired long, technically confirmed with the positive momentum on the last week close. The MONTHLY around 2016 was one of the only god mode buy signals in the history of URA, at 11.30ish bottom at that time. (Not the best indication, but its there to look at) With all the low key news about uranium, trump supporting alternative energy, and a large amount of nuclear reactors being constructed, reopened and planned for, the signs are there. Also the supply of uranium has been reduced drastically by the suppliers, to ultimately increase price and demand. Were floating at the "cost of production" price, which cant really go lower. Im long term on URA, this is a 3 year minimum hold for me, ill be accumulating 11 to 13 area until a breakout or stop loss right under 10. Happy trading, its never legal advice, I want everyone to win!
AMEX:URALong
by ToddGreen