Get started

Uranium

URANIUM might disappointAt the risk of sounding like a bear I think we have come too far, which is why we have seen the sharp pullback of late, I regret that I didn't catch this bearish divergence as it was emerging but my focus was elsewhere... Let's imagine we have completed the first five waves from the 2020 bottom. That means that we are overdue a pullback that retraces a good proportion of the first wave. I believe in Uranium and CCJ and am waiting for a better position, but for now, I'm not a buyer at the 200 day MA. I'll layer into names like PDN and AGE etc. as we approach the 0.5 retracement, but there may be more pain if we get a wider market pullback in future. Hoping I'm wrong for the uranium bulls out there but I'm gonna stay conservative for now, good luck friends!
NYSE:CCJLong
by ptero1492
2
URA- D1 - DOUBLE BOTTOM IN PROGRESS !MEDIUM / LONG TERM BUYING OPPORTUNITY WITH A STRONG STORY BEHIND !!! BUY AT CURRENT LEVEL AND ADD ON DIPS. MEDIUM/LONG TERM TARGET : $ 37.05 - $ 55.68 - $ 70.73 DAILY (D1) : Yesterday's price action triggered a potential double bottom formation in progress coupled with a RSI bullish divergence. In addition, the daily closing price (@24.30) is above the Tenkan-Sen (@ 24.14) An upside breakout of $25.85 (double bottom trigger level) & 38.2% Fib retracement, would activate this ongoing formation (DB) in opening the door for a technical target of $ 29.27, which is also, by the way, roughly the top level of the daily clouds resistance area. WEEKLY (W1) : Recent price action from the top ($31.60) is an healthy consolidation move in a broad bull trend still in place. Indeed, the primary uptrend support line is still intact and is also coinciding with the weekly clouds support area. In addition, the 61.8% Fibonacci retracement @ 22.72 has been filled (with an intraweek low @ 22.43. A weekly closing above KS and Mid Bollinger Band, respectively @ 24.42 and 24.52 would add further support for further upside towards, firstly the TS, currently ƒ 27.02 ahead of 29.27 technical double bottom target above mentioned. Interesting to note that the 29.27 level coincides also with the middle of the long black candle which triggered this consolidation move. A weekly closing above 29.27 would be seen as a very positive signal, calling for a retest of former high @ 31.60 ahead of higher level MONTHLY (M1) : Uptrend intact, above the monthly clouds, above the Kijun-Sen and the Mid Bollinger band. Watch the Lagging line which after having broken the clouds is again inside the clouds. A new upside breakout of the clouds would also add further support for higher levels. As you can see on this monthly chart, there is plenty of space to the upside and my strategic technical target are the following : Target 1 : 31.60 Target 2 : 37.05 Target 3 : 55.68 Target 4 : 70.73 For your information, there is also another vehicle investment in this URANIUM theme and on my view it is the best one : Strategy Certificate sur U3O8 RENAISSANCE Portfolio Sous-jacent: U3O8 RENAISSANCE Portfolio Catégorie de produit ASPS/EUSIPA Tracker Certificates (1300) ISIN: CH0441692628 /Valor: 44169262 Last price (December 15th 2021) $ 1879.31 - $ 1898.29 Ironman8848 & Jean-Pierre Burki
AMEX:URALong
by Ironman8848
UUUU LONG. Uranium Exploding higher with Worldwide Energy NeedsI am a bit late to the party on this one. But UUUU has a prior ATH of over $200. MONTHLY chart is starting what appears to be a strong uptrend. Weekly , Daily charts already look strong as well. Recent bounce off TL support (Yellow Line) which happens to also be Horizontal support (Green Line). Long Wick on yesterday's candle and todays break above Horizontal support and yesterday's high of the day are further BUY signals. MACD Rising and above ZERO line. Add to this all the worldwide energy needs and Fundamental reasons for Uranium to skyrocket soon and this trade feels like a no brainer. usually I try to catch the trend a bit earlier but this is definitely a good LOW RISK Trade. Entry will be LIMIT Order @ $8.41. We will see if we fill at better price. If it does not fill within 1st 10 min of trading then I will plan on entering in at the then current price @ 0940 AM. Entry = $8.41...??? SL = $7.28 1st TP = $11. Will reeval TP levels as price action evolves.
AMEX:UUUULong
by eganon69
20
Clear defined channel for Dollar indexwhat will it be for the Dollar index? Short or Long? that the million dollar question. Taking the fundamentals and the economic status of the U.S into consideration, from my teams point of view we are seeing a rejection from in the near term. This is mostly fuelled by negative diverging momentum from the past 10 years. we can all agree that the U.S is not in better shape then it was 10 years ago, at least that's the story that the chart Infront of us is telling us. the M2 money supply accompanied with the FEDs printing is clearly the reason of this ever devaluating currency. we are seeing a decline in all the currencies coming up and the most that benefit in the upcoming 10 years are those who are not inside the stock market but in real assets. Real Estate : ✓ 7.5/10 Gold/Silver : ✓ 9/10 Copper/Nickel/Zinc : ✓ 9/10 Consumer staples : ✓ 8.5/10 Uranium : ✓ 7/10 Crypto : ✓ 2/10
TVC:DXYShort
by meeblemalta
2
UX1! Uranium SpotUranium Spot is respecting the arc with multiple touches across the last decade. At Present Uranium Spot has pushed through the supply demand Zone with is a very positive sign for the Uranium market bull case. There are two scenarios I see playing out over the coming months in relation to Spot. The Uranium spot prices will either follow Scenario A marked on the chart and trades back into the Supply/Demand zone, Backtests the broadening wedge breakout point and continues its trajectory. OR The spot falls back into the Wedge and comes back to re-test the ARC boundaries before finding support and continuing its run. Option A will see months of consolidation IMO after the run Uranium has just had and could cool off the market in the near term, Option B is a much longer consolidation period and could take the best part of 2022 to resolve and see interest return to the U market. This could all change if Utilities get the finger out and actually start their contracting cycles which could see an overnight jump in the spot. holding and adding to U positions as this resolves. Its a marathon not a sprint.
COMEX:UX1!Long
by gillman_hugh