UUUU
Energy Fuels Inc Bullish #UUUU #uranium Tried this count a few ways but still seeing this as an ending diagonal to complete the 5th wave. I would be interested to see other Elliott Wave counts from the community on this one.
Cheers,
Marc
UUUU Expanding Diag #UUUU #URANIUM Changed my count to an expanding diagonal, although fairly rare, i can't really see it any other way at the moment. Remember Wave 5 must be longer than Wave 3 but can under throw an not touch that upper trend line.
Cheers,
Marc
UUUU Entry 2.69 #UUUU #URANIUM #STOCKSFirst trade in uranium personally as I see some potential for growth.
My entry here was at 2.69 today. Stop Limit set below A as if it breaks this level it invalidates the triangle count. Good Risk to reward here, always manage your risk and set a stop loss it's the smart thing to do!
Cheers,
Marc
URANIUM: Fission Energy is a BUY and hold for 5 years+Uranium is my highest conviction idea and consumes a large portion of my book. This is the beginning of a longer-term bull market of 5 to 7 years, don't worry about the short term!
***DONT over leverage!
Uranium in bullish modeUUUU creating a nice 5 waves structure. Short term target $5.3. Next wave (wave 3 or C) should bring us to $9.
UUUU LONGIf I am correct UUUU seems to be running an upward trend with potential to rally similar to how it did on the 1/24/19. Tight stop at 2.74(below first moves 6.18). Targeting $3.20 and anything after that I will play as I see.
Thanks
GPJK
UUUU - Yeah this is bullish...Highest time frame available for the Maxx Momentum (2 month) is squeezing with momentum up and significant increase in volume.
Cyan are levels I would like to enter at and orange are targets.
If the squeeze does fire long we could test the 2.0 at $22.
UUUU - Could Go Either Way Short Term; Bullish Long TermClosed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only vanadium produced in the US.
The section 232 for Energy Fuels will be absolutely massive if approved and based on Trump's previous policy, that seems fairly likely. However, if denied it will destroy a lot of enthusiasm. The 232 was filed Jan 16th, 2018, and they were federally inspected a couple months ago. Once an investigation is started (started in July 2018), the final decision must be made within 360 days.
Energy FuelsEnergy stock watch: NYSE: UUUU Energy Fuels
* Only domestic mining V2O5 (Vanadium oxide) as anther REE metal with good value in 2018 and high purity for electronics/mil. spec. 4M lb. 2018-2020 <$4/lb. Sept. 2016, >$22~23 Sept 2018
* Domestic US Ur miner getting US yellow cake orders, growing demand in volume & price, currently $27/lb. §232 Investigation
* UUUU in buy spot at lower trendline and Bolbands, between Fibretracement (upward trend on 4h).
* UUUU 60% of clean energy is nuclear.
* URANIUM FUTURES
* ISR low cost, high productivity process
* Land clean up, copper reclamation deals as side bonus
* Global nuclear plants to increase by over >430 in next 5-10 yr. (Saudi Arabia, China, India, UAE, Russia)
* Comeco and Kazataprom plants reduce global supply by 16.5% this year accelerating 2020 supply gap to late 2018-early 2019. Repeat 2006 price spikes for supply.
Energy Fuels At Support - Reversal (Likely) ComingAt the bottom of an ascending triangle. Also back down to the 50 SMA, which has been a key level of support for months. We still dont have a bullish confirmation on the Stoch, BB, MACD, and the RSI is not oversold, so wait for a bounce upwards to confirm reversal. Otherwise, this could be breaking down. From a FA perspective, UUUU is looking very strong. As the newly sole Vanadium producer in NA, as well as the filed Section 232 to regain the Uranium market in the US (decision coming in the relatively near future), things could be really looking up. We also have earning coming up on Nov 1st, with expected earnings being a big improvement on last year ($-0.05 EPS vs %-0.07 EPS).
Regardless of how this triangle breaks, keep an eye on UUUU in the near future. This could be a source of huge returns as the Uranium market ticks back-up (fukushima reactors back online, historic low for uranium, more countries moving toward nuclear etc).
My opinion, not financial advice
LONG quintuple bottomThis uranium ETF has hit its multi year support again. Long on the next 3 day high $UUUU $UEC $CCJ
Energy Fuels Turning down still positively neutral,In spite of Trump or despite of trump. Momentum seems to be turning against UUU. Maybe there will be a better opportunity in the future, anything under 3.06 and next stop could be all the way down to 2.73 which is possibly a buying opportunity.
$UUUU Potential Wedge with Massive Volume BuildingNot fully formed yet but looks very promsing.
Love the volume building as well.
URA long idea (NYSE)Uranium ETF showing a nice consolidation in price. good r/r here, waiting for ultimate break out over 16.50 $URA $UUUU $CCJ $UEC
Quadruple bottom on URAURA is bounce of a 4th bottom on the weekly at that price line. Long via uranium related companies. Could be a new trend starting with fundamental aspect of decreased output of uramium in Kazakhstan.
LONG EFR.ca (TSX). UUUU (NYSE)Long set up on the weekly on this uranium stock. With uranium at multidecade lows and production cuts this could be a great r/r once it breaks above the downward trend line. Weekly 10MA above the 30MA
