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Uranium

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
URA LONG - Buy the dipsMaybe u have allready heared the good news for Uranium. Cameco CCJ has shut down its largest mine. This accounts to 10% of global Production. Together with another cut from other companies this totals 15%!! France was going to stop relying on nuclear power. It came back on that promise and will continue to build nuclear power facilities. Asia has a massive buildup in nuclear power plants. Japan will soon re-open its nuclear power plants. This is great for Supply/demand plays. Technically this looks great aswell. After a prolonged bear market in Uranium, things are changing. It broke its long term downward trend on 9 November. Pulbacks should be welcomed and are buying opportunities. Key resitence are 16 and 19.24. I used Fibonacci to calculate possible resistence levels. Not to forget URA gives a DIVIDEND off 6 - 7%!!!!!
AMEX:URALong
by leamese
1
Uranium long term uptrend. Crypto miners energy consumption up.Long term uptrend after big announcement from many big Uranium company's that lower there production for 2018. The sector had a bad reputation after nuclear failures in the past. The high and rising energy consumption of today and proven future continue to open more nuclear energy factories for 2025, old factory's are not quitting until 2025 because of the high energy consumption. The crypto miners of today and future gonna take a lot energy consumption, for sure when the price keeps rising. RSI tops every time above the 70% range. Every low around 60% is a buy opportunity. Volume is rising as more interest is flowing to the sector. Good signs of support, every support stops a small sell off.
AMEX:URALong
by BjornV22
Is the Uranium meltdown finally over?This may be the key resistance break Uranium investors and speculators have been waiting for. The entire Uranium sector has been one of the saddest beaten dogs I've seen in a while - wrecked for years after Fukushima...That fakeout in early 2017 was brutal for top buyers. All it seemed to take was CCJ shutting a mine down recently to light a fire under this dead dogs ass and we've seen a rocket ship rally since...I've been long URA for a while and am now interested to see if we finally have the conditions to sustain a longer-term uptrend. The road to $30 is loaded with resistance, however, given enough time I think bulls will begin testing higher levels. I am a buyer of dips and will sell portions of my position on spikes as this is clearly a very volatile sector.
AMEX:URALong
by zbarrage
Uranium - Light at the end of the tunnel?I don´t think there is a sector that is more hated than uranium. Everything looks very bleak. This is a true contrarian bet. I`m using Cameco as a proxy for the uranium market. As you can see in the chart, this might be the first time in the last 5 years that the uranium market is going to make a higher yearly low. The entry provides a great R/R as one can set SL right below the recent lows or below 2016 lows. If there was anyone left holding long it seems they capitulated on friday, when Cameco announced its third quarter loss. I plan to hold this stock among other uranium companies multiple years, as long as the general markets don´t collapse or there is another Fukushima like event. Company related worries: - Tax dispute with the Canada Revenue Agency, billions of dollars at stake, decision is expected within the next 18 months - Dispute with TEPCO, which recently terminated massive supply deal, the case is expected to be heard in 2019 - Cameco stopped selling into the spot market, most of its contract portfolio will expire in 2021, if spot prices don´t rise until then, Cameco would likely loose this Game of Chicken with power companies The key to me is this: Before Fukushima utilities bought uranium 5-10 years in advance, now they are buying 2-3 years in advance. This is understandable given the uncertainty around the future of nuclear power and current oversupply. It left the market with little buyers and low volume transactions determining the price, but also hundred millions of pounds of uranium that aren't currently covered by supply contracts. (800 million pounds between now and 2026 according to Cameco) One can easily see what could happen if these power companies were forced to cover their contracts into rising prices. -> In the end it will come down to whose projections of future global nuclear power capacity prove correct. Outside of some black swan event that crushes the supply side, i think this market will come back to life as it died, through Japan. Five reactors have restarted to date, a further 21 reactors are in the process of restart approval. With Abe winning the election this seems only a matter of time. My first "target" for the market would be to not make a lower low than in 2016. Ideally stay above recent lows. In 2018-2020 I want to see uranium prices start to rise slowly. Longterm I´m looking for a price of 60$ per pound.
NYSE:CCJLong
by AnRuaN
2