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Uraniumsector

$UUUU looks like it will fall (again) - back to $6.44 minimumThe bulls have come out of hiding, and have started beating their chest again, calling for new highs-- but the chart says otherwise. While I know there's a lot of fundamental news that makes people want to think the Uranium sector is going higher, the chart doesn't line up with the fundamental narrative. Just like it didn't when I called for the price to drop back in April (see related ideas below). If we look at the chart, price is retesting the structure it broke down from back in May. It's now testing the $8.24 resistance and I expect to see price to retrace from this level back to $6.44. If support is able to hold there on a retest, there is a possibility that price could go a little higher and test the $9.17 level, which I think would pull in a lot more bulls. But price would need to break over that level and confirm for me to believe that there might be a trend change. Otherwise, if we look at the chart, $UUUU is just forming another lower high, which should take prices lower. The first support on the downside would be at the $6.44 level, but if that were to break, the $4.81 support has already been tested 3 times, and I think if price breaks down to that level, the support should break and take price down to the $3.57 level (or lower). I'd be cautious if you're long here.
AMEX:UUUUShort
by benjihyam
UNRANIUM READY TO 55.0 - CTSI can belive this Is uranium ready for 549$ dollars? Unbelievable This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual. The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
AMEX:URALong
by CaliforniaTS
Long-term Uranium stock pick #1 UUUUI love the fundamentals on Uranium , especially since the war in Ukraine , Europe's new realisation that it has to be more independent for energy and the push for the west to go Green. Its the perfect set up , couple this with supply and inventory limitations the price of Uranium will have to increase over the years to bring on new supplies , ~$70 spot. I plan to add to explorers and juniors but first some producers. #1 UUUU for now. Ill be holding long-term hopefully seeing this TA arc complete in the 10-30x zone. You know what to do if you like the content/ideas.
AMEX:UUUULong
by Investor_Miller
URNM- URANIUM ETF BULLISH- GREAT SWING OR LONG TERM HOLD!I've had a position in URNM- AMEX:URNM Uranium for about 13 weeks and now and I'm really excited at how well this etf is doing. You can swing trade and possibly long term hold for a portfolio, since Uranium is the future need for energy in power plants and nuclear submarines and other naval ships. Find out all the details on my video technical analysis here! Give me a like and a subscribe and follow this trade which I will be updating. Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post. AMEX:URNM
AMEX:URNMLong
by CryptoBuzzAnalyst
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.
AMEX:UUUU
by Big_Mike716
2
Uranium - Is it getting ready for yet another rally? Over the past two years, the uranium sector has been experiencing a deficit on the supply side which led to a surge of more than 300% in the price of Global X Uranium ETF. The situation was even further exacerbated when in January 2022 Kazakhstan, world's largest producer, saw civil unrest spreading across the country. We foresee the deficit in the uranium market to be persistent throughout the whole year 2022 which we expect to have a positive impact on the price of this yellow metal. Recently, URA ETF saw bullish developments taking place on the daily time frame which possibly sets it for another rally. Top ten biggest producers of uranium by country (2020): 1. Kazakhstan = 19 477 tonnes (approximately 41% of world supply) 2. Australia = 6 203 tonnes 3. Namibia = 5 413 tonnes 4. Canada = 3 885 tonnes 5. Uzbekistan = 3 500 tonnes 6. Niger = 2 991 tonnes 7. Russia = 2 846 tonnes 8. China = 1 885 tonnes 9. Ukraine = 744 tonnes 10. India = 400 tonnes Meanwhile, the U.S. produced only 6 tonnes of uranium in 2020 which leaves it heavily dependent on foreign producers. Technical analysis - daily time frame RSI is very bullish. MACD is bullish, though it still remains in the bearish territory. Stochastic is bullish. DM+ and DM- performed bullish crossover recently. However, ADX contains low value which suggests no trend is currently present in URA. Overall, the daily time frame is bullish. Illustration 1.01 Picture above depicts the daily chart of the URA ETF. It also shows resistance at slope. We will observe price action closely and we will look whether it manages to break above the resistance. If breakout occurs, then we expect such a phenomenon to strongly bolster the bullish case for the URA ETF. Technical analysis - weekly time frame RSI continues to develop bearish structure. However, it already reversed which is bullish. We will watch whether it will manage to break its bearish structure. MACD is bearish but it shows first signs of flattening. Stochastic oscillates in the bearish territory, however, it points to the upside at the moment. DM+ and DM- show bearish conditions in the market. ADX suggests a lack of prevailing trend. Overall, the weekly time frame is bearish but signals very weak or no trend at all. Support and resistance Major resistance lies at 31.60 USD. Short-term resistance sits at 23.26 USD. Resistance 1 is at 26.37 USD and Resistance 2 at 28.72 USD. Resistance 3 is at 29.77 USD. Short-term support sits at 21.72 USD. Support 2 can be found at 17.23 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
AMEX:URALong
by Tradersweekly
4
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
NYSE:CCJShort
by Jbridgez