Uranium
$URA Cup and HandleIf you're bullish on Uranium (I am ) , then URA is a great ETF to invest/ trade.
Looks like a buy here to me regardless, nice volume shelf support and breakout retest before all time highs and blue skies
Could I be wrong - Absolutely
Will I be managing my risk - Absolutely
$26.50 stop loss price (I'm trading the 31/36 Debit spreads)
URA - GREAT UPSIDE POTENTIAL !!!!URA (Uranium) is one of the best investment in commodities to be consider now and for the future.
It is a strategic buying opportunity calling for huge upside potential first target being :
$ 37.05 ahead of $ 55.68
Yesterday's breakout (see below on related ideas my private analysis written yesterday for detail)
TRUST ME :
BUY ON DIPS
All the best and take care
Ironman8848
PDN - Potential Head and Shoulders - short term shortRecent Uranium price increase has helped raise the PDN much more rapidly to 116% from 1st September (0.52c and touched $1.12 on 16th September)
However the recent sell off from 1.12 to 0.85c has formed the head and shoulders.
This leads to a potential short term opportunity to short the stock.
Today's close: 0.85c
Potential target: 0.535 to 0.485
Disclaimer: This is not a financial advice. DYOR. And stock can react in any way with broader market sentiment. This is just for education or entertainment purpose.
URANIUM - URA - MED/LONG TERM STRAT BUYLooking at the daily picture, we can identify several important information :
1) caught in a $ 23.00 - $ 25.50 trading range
2) mix of a double bottom and double top
3) currently below the Mid Bollinger Band
4) in the middle of the sideways trading range above mentioned.
5) supported by the former uptrend support line (in green)
6) still below the ongoing resistance line (in blue)
Nevertheless, recent price action from the former high @ $ 28.68 towards
$ 23.00 should be seen as an healthy consolidation move and not as a trend reversal.
Therefore, having in mind a med/long term buy strategy, dips should be seen as a good opportunity
to increase the existing long exposure for those who are already long or to initiate new positions for the others.
TRUST ME.. there is a STRONG STORY behind and it is only the beginning of the story...
Have a look at the monthly picture and you will see the upside potential, it is huge !!!
Last but not least, the better vehicle to invest in the URANIUM theme is the following :
Strategy Certificate on U3O8 RENAISSANCE Portfolio
Underlying: U3O8 RENAISSANCE Portfolio
SSPA/EUSIPA Product Type Tracker Certificates (1300)
ISIN: CH0441692628 /Valor: 44169262
Last price (05.10.2021) $ 1'987.05
Best
Ironman8848
URANIUM is filling the gaps on a long-term bullish trendThis is an update to my April 2021 idea on the Uranium ETF:
As you see, the price rallied following March's Golden Cross on the 1W chart and so far the 1W MA50 (blue trend-line) has been holding as Support (which was my biggest concern back then), offering a great dip buy opportunity on August 16.
What's even more interesting is that the asset has been filling gap after gap on the Lower Highs of last decade's bear trend. The next one is at 39.00. Be ready to take advantage of the next 1W MA50 dip.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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CcjAre we there yet? Not sure. Got the make off a bullflag though. Falling wedge and a little o bearflag dropping her to 19.5 and see then….
Most bullflags have a waistline that’s midway between top and bottom rails so if you acan see the waistline, you can project a floor. Ccj is tricky but that’s my best guess for now.
$CCJ Vs Uranium UX2!rapid backtest has sent the RSI70 SOARING
Backtest back to the VPVR and wasteline of the bullflag
See the UX price arcing up with teh CCJ: UX
Nice entry? If you look at the chart, I'd think so.. just want a smidge more conirmation of current local stucture.
I'm LT HODL CCJ LEAPS so...