UraniumUranium miners ETF on the Weekly chart
Massive bull flag, patience should be rewarded
- retracement of an impulse wave
-waiting for triangle break out
-countries moving back into nuclear power
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
Uranium
$TIE
Looking for a push above monthly open and acceptance.
"Range low" has to hold for this trade to work out.
Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2
Worry about target 2 if we hold the first Blue box.
Yellow highlighter indicates liquidity and stops that have now been wiped out.
Recent news catalyst
"TIETTO MINERALS ( $TIE $TIE.ax ) has released " Tietto Ramps Up to Full Production at Abujar Gold Mine " on 20/3/2023 at 9:55 am AEST #Tech #Metals #Drilling"
$UUUU forming a monthly lower high? To see lower prices ahead.I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does.
$UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so.
First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support.
Then longer term over the course of the next year, I can see $UUUU heading back to the range it broke out from.
Let's see what happens.
URANIUM ROYALTY - Can we double in price???We had a small gap that just filled so now is time to look at this as a viable trade. A lot of geopolitical reasons to think Uranium will be in demand, like it or not.
seekingalpha.com
Uranium Royalty Corp is focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through physical uranium transactions. The Company's strategy recognizes the inherent cyclicality of valuations based on uranium prices, including the availability of capital in different pricing environments.
maybe uranium becomes an epic short againthe bull market turn around in uranium has made the news, and outlasted a broader energy sector comeback. technicals are threatening a reversal bac to bears, and the monthly-quarterly view is making a breakdown. if we maintain these resistances then i am betting on a massive short play in uranium in a 5 year daterange. short urnm and long ery on breakouts on down days in broader market.
Coal Futures NCF1!back into range 2 looking for accumulation in this range and a re-claim of the range high to get long on WHC.
Watching waiting and planning. patience is the key.
If it keeps dumping then let it dump see you in hell who cares.
BUT
if it accumulates and reclimas the range high., its time to pay attention.
Lithium Brine Penny Stock Long HereI traded this ASX name on the OTC at its 3x breakout last year and I've kept my eye on it as it has floated slowly back down to the breakout zone. Notice the patterns in the Relative Strength Index before it broke out, and notice what it is doing now-- easing and curving up. The ASX stock has bounced hard on support, so there is some arbitrage between the OTC and ASX tickers right now. I think that it's likely we see a similar parabolic move up if we break out of this descending wedge. Watch for headlines about their lithium brine project: that will most likely be the catalyst.
Centrus Energy Ready for a Surge?Various technical indicators are pointing towards an upward move. Fundementals as well, with a proliferation of bullish news catalysts in the nuclear/uranium sector. $LEU's low float causes it to quickly go up multiple times over when on a bull run. But it's a bucking bronco... will check back in. Trade safe.