UUUUlooks like my Z wave is playing out for the UUUU here, to understand WXYXZ pattern is to know that a series of 3-3-3-3-3 wave patterns have evolved and they are sideways in the chart not compressed into a triangle which would rule the 3 wave pattern as an ABCDE. Now looking at the stoch RSI and also the standard RSI we can see they are both dropping from over bought with room to drop, also the daily rsi has much room. If the Z wave ends up in typical Z wave fashion it would look like the start of an impulse but is actually the end of the WXYXZ pattern and shows all bullish momo has finished . So if I'm correct we are in W2 on H4 and the daily should hit 1.618 fib lvl for a W3 around $4.70 to confirm my chart.
Uraniumminers
URACount on URA looks like 5 up followed by an irregular top which in EW terms means that after 5up impulsive waves complete the correction ensues but wave A falls short to correct the prior impulsive move then the B wave over shoots the top of wave 5 in an irregular top, the C wave that follows should be 5 down and make up for the A wave which was small in % compared to the trend. C wave should retrace to 618% fib lvl around $18
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.
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.
what do you think of CCJ? short term. down as far as 18?what do you think of CCj by mid october, novemberish? i think (for now) continued down trend.
i charted this head and shoulder pattern before break out, link it below.
var tradingview_embed_options = {};
tradingview_embed_options.width = '640';
tradingview_embed_options.height = '400';
tradingview_embed_options.chart = 'fFJ3VWfd';
new TradingView.chart(tradingview_embed_options);
CCJ... are we destined to repeat the past? by Benz951 on TradingView.com
PEN Trend reversal?PEN has been in a big prolonged downtrend for over 10 years, looks to be forming a bottom here and possibly starting new market structure as shown in the next chart. You can clearly see a huge increase in volume building and has now closed above the 20MA on the monthly chart. Uranium etf has had some big gains over the last few months helping to lift PEN.
Energy Fuel - Deja Vu Pattern, Cup Could Break to the UpsideEnergy Fuels is the leading U.S. producer of uranium – the fuel for carbon- and emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating climate change and air pollution.
Energy Fuels is also a major U.S. producer of vanadium and an emerging player in the commercial rare earth business where its work is helping to reestablish a fully integrated U.S. supply chain.
With a truly unique portfolio, Energy Fuels has more production capacity, licensed mines and processing facilities, and in-ground uranium resources than any other U.S. producer. It boasts diverse cashflow-generating opportunities, including vanadium production, uranium recycling and rare earth processing.
Denison Mines - Must Own Uranium PlayBullish engulfing forming with the last green candle absorbsing the last 3 candles.
-/ In order for the bullish engulfing to confirm, the next candle must be green.
-/ If not confirmed, price could test the 50 days MA, before accelerating.
-/ RSI and Stochastics are in positive territory and look good.
STRATEGIC PROJECT PORTFOLIO:
-/ 90% interest in flagship Wheeler River project – largest undeveloped uranium project in infrastructure rich eastern Athabasca Basin, with the potential to be a “top 5” producing mine
-/ 22.5% interest in operating McClean Lake Uranium Mill – 6M lbs U3O8 excess licensed capacity, currently producing +12% of global uranium production
-/ Additional leverage to the uranium price with interests in existing uranium resources at McClean Lake, Midwest, and Waterbury Lake
-/ ~280,000 hectares of prospective exploration ground in the Athabasca Basin
-/ Internal sources of cash flow from management of Uranium Participation Corp. (TSX-U), and Denison's Closed Mines Services, minimizing dilution to existing shareholders
FLAGSHIP WHEELER RIVER PROJECT:
-/Largest undeveloped uranium project in infrastructure rich eastern Athabasca Basin, including an estimated 132M lbs U3O8 in Indicated resources plus 3M lbs U3O8 in Inferred resources.
-/ Low estimated operating costs, with lowest estimate of initial CAPEX required to build amongst Athabasca Basin development projects(1)
-/Existing infrastructure supporting mining operations in proximity to Wheeler River – including 4 licensed uranium mines, 3 licensed uranium mills, and access to the provincial power grid and highway network – reduces development risk profile
Baselode Energy - Great Uranium LeverageBaselode Energy Corp is a fully-funded Uranium exploration company looking for the next world-class deposit in the Athabasca Basin area of northern Saskatchewan, Canada. The company is focused on discovering near-surface, basement-hosted, high-grade Uranium orebodies outside of the Athabasca Basin.
Goviex Uranium - Looking for a Breakout of the ChannelA resistance or support is like a door, the more you hit it, the highest chance it may break.
Goviex has a huge uranium deposit in Niger.
There is also some political risk as Niger defines political risk.
The stock could trade sideways for some time, but in the mid to long term I expect this stock to do well once uranium prices move higher.
Deep Yellow - Long Term Play + Best CEO in the Uranium IndustryConstructing a new mine is always a challenge, but under John Borshoff the odds increases heavily.
Despite the recent price run up, the stock price of Deep Yellow is poised to trade way higher as uranium spot price increases.
The Company expects to produce 2-5mio pounds of uranium during its first years, and is allocating its money in development and exploration to increase its resources base.
Mr. Borshoff was appointed Managing Director and CEO of Deep Yellow Limited in October 2016. He is an experienced mining executive and geologist with more than 30 years of uranium industry experience.
He spent more than a decade at the start of his career as a senior geologist and manager of the Australian activities of German uranium miner Uranerz.
In 1993, following the withdrawal of Uranerz from Australia, Mr. Borshoff founded Paladin Energy Ltd. He built the company from a junior explorer into a multi-mine uranium producer with a global asset base and valuation of more than US$5 billion at its peak.
At Paladin, Mr. Borshoff led the team that completed the drill out, feasibility studies, financing, construction, commissioning and safe operation of the first two conventional uranium mines built in the world for 20 years. He also oversaw numerous successful, large public market transactions including acquisitions and major capital raisings before leaving Paladin in 2015.
Blue Sky UraniumBSK, which is a high beta play for anyone wishing to get exposure to uranium stocks, seems to lag the index.
While already been a stock offering a high risk-return tradeoff, this short-term lag offers a good opportunity to enter this market as, if the correlations persists, BSK should soon catch up with its peers.
Extremely bullish pattern for Uranium StocksUranium stocks, hit by a decade long decline of uranium prices, are now strongly reversing like many other commodities.
While one can use Uranium ETFs to get a long exposure, I prefer junior companies (which offer a better risk-return trade-off in my opinion), such as $BSK.
*Disclaimer: I'm long BSK for more than a year