Uranium
$CCJ can rise in the next daysContextual immersion trading strategy idea.
Cameco Corporation produces and sells uranium.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $10,88;
stop-loss — $10,36.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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#Uranium - Can uranium make the breakout strike at $40? #ux1!All 3 bullish resistances are broken.
This could have started a superior bull market.
First target at breakout and confirmation of the subordinate trend channel is the $40 where the superior downtrend channel is located.
#Uranium - Can uranium make the breakout strike at $40? #ux1!
Bullish on DNN!Uranium stocks have been bullish lately. With anticipation of the Trump administration/ Department of Energy releasing more guidance on uranium mining today. We will hopefully continually see it go up.
RSI is hovering at 71 and has been hovering in that overbought zone for awhile.
Volume seems to keep going up.
Please note: I'm a complete noob at financial trend analysis but do have a keen eye for spotting trends in data in general. Any tips or tricks would be helpful!
My investing strategy is to make a minimum of 5% a day.
UXC weeklyUranium Futures did a bullish retest of the 200 ema weekly charts and buyers stepped in sending the next week futures price to $27.75, if the 200 ema has been proven as support spot uranium will probably head towards $30
UraniumThis looks like the real thing to me Fam, Im thinking the COVID 19 shut down will send spot uranium back into a bull market or at least be a catalyst that starts a new bull market.
BNNLFBannerman Resources had an epic 48% pump today off the lows and I don't this that momentum is over, with spot uranium prices moving up above $27 Bannerman looks good here IMO with little to no debt, smart cash management, and mines located in Niger Africa that can produce uranium to market and fill contact orders much faster than many larger closed down mines (due to COVID19) I think the market is going to give this little uranium company a big price increase in the coming months.
UUUUI am currently considering where to place bids on this Uranium Giant. I expect the recovery will be quick once DJI hit 14,700 so who really knows what the actual bottom will be.
Probably will have a super fast long wick to some outlandish price. But for some reason I feel like bids around .40c will get filled. Welcome any help here Fam..
If you have a TP feel free to drop a chart here so I can check it out.
CCJI drew up this giant triangle on CCJ back in February and it was reminding me of #bitcoin TBH,
I thought that the bottom trend line would in fact hold and we would see a bounce to the entire Uranium market.
As well as the crypto markets. PM's are selling off and everything is breaking down below critical support.
Shorts are being blocked from exchanges & not really sure where the bottom is but if CCJ goes sub $3 then I will probably
sell my ass on the corner to get as much of this Uranium Giant I can buy. Be safe fam.
ENCUFThis stock looks like it is ready to move to the top of the channel, this co has been on my radar as far as undervalued uranium companies that r super cheap and have solid FA whenever the recovery happens. I am buying here at these levels and just holding for many years.