C-Wave for Uranium miners?it is possible, that we head lower into the 0.5-FIB region. URA still looks bullis and will resume the uptrend at some point.
Uraniumsector
Trade Idea | UEC | Uranium Energy Corp | Long Long Entry: $7.50
Stop: $6:00
We will be taking this trade right after a minor pullback from this current level of $8.56.
I think there will be more potential upside on this stock as every countries are increasing the power demand due to AI development.
We are now seeing nuclear power revival as uranium energy can produce more energy compared to coal.
UROY an energy penny stock LONGUROY basically sells rights to mine uranium for a percentage of the production. It is a penny
stock in the nuclear subsector of energy which is undergoing a renaissance in this era of
fossil fuel addiction detoxification in the context of climate change remediation agendas.
The 240 minute chart shows a parabolic move in mid January followed by consolidation
and capitulation into a double top all at about the first anchored VWAP line above the mean
followed by a trend down into the present level near to the first lower VWAP line.
I will take a long trade here targeting the mean VWAP confluent with a standard Fibonacci
retractment which is the green line on the chart. $.05 is taken as a safe stop loss at the lows.
The target is 0.40 upside yielding a R:r of 8. I have positions in URA and UEC at this time.
The entire uranium subsector is cycling from warm to hot again.
A decade later, this is still in a consolidation pattern? This puppy has been consolidating for 10 years now. IF it shoots above 16 cents (10 year monthly moving average), then we could quickly see it shoot to the top of the base.
bullish on Uranium bullish on uranium and expect this ETF to breakout soon
Support: $17
Resistance I: $43
Resistance II: $100
According to Munro, who is co-chair of the World Nuclear Association’s Nuclear Fuel Demand Working Group, “we are on the cusp of a new nuclear age in which decarbonisation imperatives collide head-on with unrealistic expectations of renewables penetration, leaving nuclear power to wean the world off coal and decarbonise the expanding electrical grid, domestic heating, industrial heating and hard to abate areas of industry including hydrogen production. If nuclear power can achieve its decarbonisation potential around the world, the implications for uranium demand will be astonishing.”
Denison Mines breaking outDenison Mines is breaking out of its 12 years range on massive volume.
The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry.
Coupled with the devaluation of developped markets currencies, this could propulse DNN much higher.
Next resistance is the $4 area, then there is $8.50 before the all time high around $14.
Does this have the power to go much higher?There is a lot of power in this chart. I look fwd. to seeing if it can stay within this cup... and if so, how high?! Fundamentally, it's looking very strong!
UROY Uranium finance lease mining play LONGUROY does royalties foe uranium mining ore to refined et cetera. On the 60 minute chart,
it has been on fire this week picking up 30% in market cap showing explosive volumes
at 5X and sustained. The past two days have been rest and recuperation in consolidation.
The zero-lag MACD suggests there is more upside in the near term with a line cross under a
histogram rising from zero. The advanced RSI indicator shows a relative strength pullback from
80ish to about 65 and surprisingly the linear regression lines suggest an oversold state at
present. I will take a long position here which may be risky at nearly 2 standard deviations
above a rising mean VWAP and extended from the POC line of the volume profile but the
supertrend indicator is showing a stepped rise and that is good enough for me. I have a
new position in UEC a penny energy stock in the uranium subsector.
UEC an energy penny stock pops out of ascending channel LONGUEC is a uranium company somewhat independent of the oil, solar and lithium stocks that
dominate the energy sector. Nuclear is touted as green and not contributory to climate change
with no carbon impact. It pollution or radioactivity is self-contained and isolated with heavy
regulatory safeguards All that said, a few days ago analysts at Eight Capital raised the status
of UEC to "strong buy" with a price target of $13 or about 75% above current valuation. Such
a high upside is uncommon in the energy sector.
The 4H chart shows price broke out from an ascending channel of several months
duration with a corresponding relative volume of 4x the running mean. The price action
is that of a high tight flag patter n invoking the moderately strong probability of more
bullish momentum after a consolidation is completed.
I see this as a great long swing trade with earnings coming in two months or call options
OTM targeting a strike price of $10 for the mid-March expiration. Given the stock price at
present such call options would have about $40 premium per contract.
Lastly, the ETFs URA and URNM appear to track the price action of UEC fairly well. If a trader
prefers diversification or risk moderation of ETFs these two are reasonable alternatives.
Uranium trades do not have geopolitical risk to consider as much as oil and gas yet another
reason to give this a further look.
.
$URA double top, target sub 10?Looking at the chart, we've just formed a high timeframe double top. Unless price can break resistance and confirm it as support, price is heading down.
Based on the structure of the chart, if the midline gets broken at $18, the target of the move should be sub $10. Hitting the lower supports around $6-7.
If we get down there, that should setup a great multi-decade buy.
Let's see how it plays out.
Yellowcake PLC making moves
Yellowcake Plc - OTC:YLLXF - $6.64 ps
- Potential Ascending Triangle with breakout
and a re-test of underside support
The beauty of all of these stocks is that the ETF has broken out into an upward trend and now some large and smaller Uranium miners are also breaking out with similar patterns of pennant breakouts and ascending triangle breakouts. We do have overbought RSI so its critical to have tight stop losses set under the base of all moves.
Interestingly Light Crude Oil looks to be bouncing at the moment too, as is Gold and Silver.
Commodities really are starting to glow and no wonder with currency risk on everyone's minds.
PUKA
Sprott Physical Uranium Trust Shaping upSprott Physical Uranium Trust - $SRUFF
Chart Really Speaks for itself
A nice ascending triangle with ideal entry opportunities for the patient.
Will follow up if we trigger and ideal entry
PUKA
Uranium Miner ETF 2 Year Resistance Breakout UPDATEHi Guys! This is a Technical Analysis Update on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe.
URNM was able to BREAK Above the 2 year Resistance line and close Friday with a Strong body candle close.
It was accompanied with a VOLUME SPIKE, which shows follow through and supports price action.
This is the 1st step in attempting a Trend Change.
2nd MOST important step = Confirming the breakout = Testing Support and Succeeding
So this upcoming Week to couple weeks is crucial for us to stay above Resistance line.
Not only are we ABOVE the Resistance line but we also CLOSED ABOVE the 100 SMA. Again if we confirm SUPPORT, we will now have the backing of 2 MAJOR Resistance turned SUPPORT zones.
Prior to this current move we also maintained SUPPORT on the 50 SMA for 3 weeks before moving up.
In the coming weeks, it is likely we also have a GOLDEN CROSS occur.
This is when the 50 SMA CROSSES ABOVE the 100 SMA. This leads to a confirmation of BULL TREND. So i'd we watching for this.
Bullish Momentum is also currently PRESENT, expressed through the STOCH RSI and MACD.
One thing to OBSERVE aggressively is the MACD.
Particularly on the size of the histogram bars and the slope of the blue/orange line. We are ABOVE the 0 level, universally this leads to BULLISH MOMENTUM and UPTRENDS.
________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on URNM in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
URA vs. U308 Futures ~ Snapshot TA / Uranium Bull IndicatorPerformance comparison between Global X Uranium ETF versus U308 Futures.
One of many Momentum Indicators out there that track Bullish movements in Uranium Sector.
Uranium stocks haven't always been closely-correlated to Futures due to their "risk-on" nature...so when stocks start outperforming when Futures + other confluences are also rallying..
You might have a good ol' fashion Uranium Bull run on your hands.
Boost/Follow appreciated, cheers.
Futures: COMEX:UX1! COMEX:UX2!
ASX ETFs: ASX:ATOM ASX:URNM
US/OTC ETFs: OTC:SRUUF AMEX:URA NASDAQ:URNJ AMEX:URNM
Uroy 10:1 Risk/Reward 360%If we head higher from these levels, and if we continue upwards, like many other uranium plays at the moment...we could reach a 10:1 RR
Fib-Extension 1.618 is pointing towards 10 $
High Risk High Reward?
Bannerman Energy - 300% on the MonthlyLets look at the longer timeframe. Stoch RSI looks to turn up.
We are breaking throught the 36M SMA and 12M SMA, as it seems.
Momentum has been reset in addition.
300% sounds unrealistic? - The company was valued the same 2011, that`s why we have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
Bannerman 300% incoming? daily The typical Wave-2 target has been met.
We have retraced more than 0.618 and as it looks right now we could be heading for the Wave 3. The 1.618 extension would make 300%+ possible.
We have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
Uranium Miner ETF Breaking a 2 year Resistance TrendHi Guys! This is a Technical Analysis on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe.
We are currently in the process of BREAKING OUT of the Major Resistance Trend that started from November 2021.
Just KEEP in MIND -> The candle closes end of the trading week. So if end of week we are still ABOVE the resistance line thats 50% of the work done for TREND CHANGE to occur.
The other 50% to reach 100% of completing the job is the observation of CONFIRMATION above the resistance and having it turn SUPPORT.
Once we do that, we can start moving towards TARGET 1.
Notice also how for multiple weeks straight we tested SUPPORT on the 21 EMA, and now we are moving above it. This is a sign of BULLISHNESS
Remember we must wait for CONFIRMATION above the resistance. Without it, the chances of a FAKEOUT are probable.
STOCH RSI is showing that BULLISH momentum is entering. As long as we maintain this, moving up above the 80 level. It INCREASES the PROBABILITY that we complete the TREND CHANGE above the Major Resistance Trendline.
RSI is also in the process of a Trend Change. Notice how we tested SUPPORT and bounced off the BLACK line.
Stay tuned for more updates on URNM in the near future.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
ERX a leveraged ETF reflects the energy sector rise LONGERX as shown on the daily chart shows a VWAP band breakout into the mean VWAP
from the lower VWAP lines coupled with a rising momentum on the PMO targeting
72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a
major sector I see this as a low risk moderate reward potential type of trade
I will take this trade long expecting to reap simple modest unrealized profit.
The stop loss is @ 58.6 while the upside is 10%. Please comment if you need
more details or are requesting a call option setup specifics.
x
Uranium: Ready for the drop💣The price of uranium has moved significantly higher over the past few days, approaching the expected high of the turquoise wave 2. As a result, we expect the price to begin a longer-term downtrend in the not too distant future This is necessary in order to form the superior green wave (C), the end of which we see likely just above the support at $12.17. The focus now is to ensure that the price does indeed form a top and does not continue to rise. There is a 39% probability that the alternative scenario will materialise and the bullish trend will continue if support at $17.96 is breached.
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.
Uranium Futures UX2 November Update!We had a breakout in October but it failed and is back to chop fest.
Interesting is that Uranium Spot Price so far has a breakout. We will have to see how Uranium Spot Price closes for the Month of November.
Great info if you are invested in Uranium energy equities or planning on doing so.
