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UUUU

UUUU entry - sub $6Energy Fuels (UUUU) is a Uranium and Vanadium mining company that is domestically sourced low carbon renewable energy fuel (U( and steel strengthener (V2O5). * Improving earnings - nearing profitability * Domestic contract growth * By-product Vanadium is also in demand - steel recycling * Energy market can not rely on oil and LNG alone * MFI crossing 50% and consolidation and buying will increase scarcity * CCI momentum hitting bottom Entry this week after dropping below $6 with limit buys and retracing back to 238 fib level. Will watch for drop to full retrace to $4.90 (exit before) or a more likely climb to 500 retracement at $8 and watch for break through or more consolidation. Own opinions of energy market - come to own conclusions, or comments here welcomed. Like to hear what others in energy market have to say. Warm winter LNG will get us through, what stocks are you loving for 2023? @Pokethebear @rudcharts
AMEX:UUUU
by Pokethebear
2
$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.
AMEX:UUUUShort
by benjihyam
38
Uranium in a Good Spot?The uranium spot price and mining equities have experienced a significant run since the pandemic lows-- largely due to SPUT purchasing from the spot market, panic buying by utilities at the beginning of Russia's invasion of Ukraine, and the prospect of Japanese restarts. But the days of going up multiple times over seem to be over: the spot price has been drifting sideways to downwards both due to SPUT reducing their buying and the typical utilities purchasing cycle having been completed earlier in the year. In the social media uranium space on Reddit, Twitter, and Youtube there is a mood of pessimism and disappointment. An endless parade of bullish catalysts--such as mergers and acquisitions, increased mineral estimates, incredible earnings, US Strategic Uranium Reserve purchasing and HALEU funding-- all seem to have limited impacts on the sector, raising up a penny stock here and there. As we enter 2023, I have two arguements for a reversal in the downtrend; one fundamental and another technical. I'm assuming the fundamental catalysts for another run in the uranium sector will be similar to the previous run. Sprott will increase their purchasing of precious metals in a declining interest rate environment, and that will extend to their purchasing of uranium as well. Utilities will enter another contracting cycle-- whether that is in early spring like 2022, or in late fall like it usually is, remains to be seen. And SWU prices (the cost of enrichment) remain elevated, no doubt having a downstream impact on the spot price. The uranium spot price is the main driver of bull runs in the uranium equities-- e.g. just take a look at the similarities between charts of $LEU and UX1!. Headlines about DOE funding and X-Energy's SPAC may drive inflows into the sector next year, but remember that sentiment in the stock market does not drive up purchases on the spot market On a technical note, take a look at the three points where I've circled on the daily chart of $URNM above. There is bullish divergence on the RSI (where it is making a higher high while the candles make a lower high). The MACD is crossing over to the upside, which often precedes a significant amount of momentum to the upside. The candlesticks from the past week have made a double bottom at $29.75, also touching for the third time the supporting trendline that has marked a temporary bottom in the structure where we have been for the past two years. Now this larger pattern has neither confirmed as a descending wedge (bullish) or a head and shoulders with a diagonal neckline (bearish). But I will wager that this is a bottom for $URNM and many uranium mining stocks for the near and possibly long term, barring new lows on the broader market.
AMEX:URNMLong
by sdeutsch95
$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
$UUUU Late JULY into Earnings play.Working with my own TA and using measured moves in both price and time, bar counts and scaled angles per timeframe. I am using as well as the 2 major parts: starting fib levels NOT AT MAJOR LOWS... These are usually banks ripping people off to buy the dip and cause a rip. Resistance breaking bullish uptrends forming anew uptrend because of many factors, one of which is the moon phase we are in currently which is the 3rd Q moon (bullish in uptrends), to July 28 NEW MOON (BEAR TOP). I am not perfect but I try to be :) IMPORTANT NOTE UUUU has earrings AUG 5th, I think we could be seeing a Pre earning run up WITH BULL CONTINUTION possible..... Maybe to the $8 level in next 2 Months before the Southern hemisphere starts spring around Sept 1st... Tues July 26th (and maybe 27t) ===== MAKE OR BREAK THIS TREND UPWARD.... Lets see, -Trading Time
AMEX:UUUULong
by Brian829
My Rare Earth Magnet Company List ...& some Investing PhilosophyTraders, I meant to simply show you my list of tickers for Rare Earth (neodymium) Magnet companies that I follow. These companies either mine material to produce these magnet or they produce the magnets or they do both. I ended up freestyling a bit 😂😂😂 and going all philosophical. If you're into that, then enjoy the video. If you're not, then somewhere near the end of the video, I show you my list. ⛓️ 🔗 Useful Links 🔗 ⛓️ (see below)
OTC:TMRC
by stewdamus