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Uranium

URANIUM UXC U308Uranium is set to move much higher according to this Ichimoku Cloud chart. The cloud has turned from red to green and the price @ $30.50 is hovering just outside of red cloud. Blue conversion line passed under yellow base line and is now outside of the red cloud. The most important confirmation is that Lagging Span is outside the green cloud as well. Looks like all 4 requirements are met. Also Stoch, MACD and RSI are looking very good and in uptrend mode. Looks like this week uranium sector is ready to move up nicely along with a spot price.
COMEX:UX1!
by AskDrBurt
3
DNN possible target priceUranium sector is consolidating at this point and time and is gaining a momentum for a new move. Fundamentals are strong with 60 millions pounds deficit. DNN will be the largest and resource of U3O8 in the world. Smart move by scooping up physical metal from a market is just accelerating the inevitable. Bullish pennant is just another confirmation that it is ready for the next stage. Possible projection with overshoot price is around $2.7, and most likely will settle around $2-2.2. Also inside of the bullish pennant what appears to be is reverse head and shoulders. Market is ready to fire on all cylinders after JP announcing another 3T of Brrrrrrr money. Good luck
AMEX:DNNLong
by AskDrBurt
11
CCJ possible price and time frame CCJ had an incredible run in a short period of time with multiple pullbacks which developed bullish pennants along the way with new ATH. Currently in consolidation mode with another bullish pennant in process. Looks like we have landed on a support line today with massive sell off due to Red Army attacking the market crashing pretty much all sectors. New target ATH $24.64 with approximal arrival of April 23rd. Like I have mentioned in DNN analysis Uranium has strong fundamentals with 60 million pound in deficit production
NYSE:CCJLong
by AskDrBurt
3
DNN forming a bull flag, good entry to a long term play. Denison Mines is a uranium exploration & development company located in Toronto, Canada. They own 90% of the Wheeler River Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin region in northern Saskatchewan, Canada. They just raised $86.3m to buy physical uranium as an investment, which is tightening up the already short supply of uranium and further driving up the spot price. And recently, in a press release, Denison announced it was being added to the SP/TSX Composite Index and the addition took place this Monday (3/21), which means there will be some bigger players stepping in now. I think this play has a lot of long term potential. A fast growing supply deficit of uranium and the Green New deal, I think this could play out nicely short term but I'm holding long term. This is not financial advice
AMEX:DNNLong
by Mailbox27
2
ASX:BMN BULLFLAGBannerman Resources Limited (ASX:BMN) is an ASX and NSX listed exploration and development company with a 95% interest in the Etango Uranium Project in Namibia; a southern African country which is a premier mining jurisdiction. Bullish Outlook: - Bullflag Identified - Double Bottom off Daily Support - RSI above 50.00 level - MACD Bullish - Volume increasing over the last 4 months - Above 20 MA - Targets above 1:2 RR Bearish Outlook: If previous high fails, then a test off daily support is likely. If bearish action continues then test of 8-9c is up next. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:BMNLong
by Trader_Johnni
1