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Denison Mines Corp

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DNN trade ideas

DNNDenison Mines Corp. presents a long-term technical picture where it appears to be forming a "rounded bottom" pattern, which is a positive indicator for a possible upward movement in the future. This pattern refers to a long-term base formed after a long-term decline, followed by stabilization and future growth. Points of Interest: Resistance Area : The area around $2.20 - $2.50 is a critical resistance zone, where the price seems to be trying to break out. If the breakout is successful, it can be made into a further up move. Strong Support : We see a strong support area at $1.20, which is the low of the recent rally. RSI : The RSI indicator is seeing a bearish divergence, indicating a possible short-term correction. However, it remains relatively strong, indicating that the long-term trend remains up. Recovery Cycle: The upward curve from the 2020 lows shows the stock's gradual recovery, suggesting that buyers continue to strengthen the price. Estimate for the Future: The long-term technical outlook for Denison Mines Corp. it shows positive, with the possibility of breaking the critical resistance and continuing the upward trend. If the price manages to stay above $2.20, there is a possibility of a move towards higher levels near $4.00, which is the next major resistance. However, short-term investors should be wary of corrections as the RSI indicates potential pressure This analysis indicates that the company could have a long-term growth, especially good case that it provides positive propositions in the energy and raw materials sector, where Denison Mines operates.
AMEX:DNNLong
by SOKAKIARISChrisbar
$DNN Uranium Sector BullOne must exercise due diligence when engaging with the uranium sector. Currently, we are anticipating a scenario in which Donald Trump is elected President in the near term. The global landscape has evolved since his last tenure, and it is anticipated that he will endeavor to further enhance the United States' energy independence. Trump's well-documented aversion to wind energy and his advocacy for nuclear power are likely to bring nuclear energy and its expansion to the forefront of policy discussions in the ensuing years. Denison Mines Corp. ( AMEX:DNN ) stands out as one of the most dynamic entities within the uranium extraction industry. From a technical analysis standpoint, the price trajectory resembles the most significant inverse head and shoulders pattern observed historically, indicating a potential retest of the neckline in the upcoming months.
AMEX:DNNLong
by FourApplesADay
DNN tightening before a move upDNN has been in a strong, upward trend since March. Since that time it has surfed the 10 & 20 MA, occasionally touching the 50. It has been consolidating in the 1.70-1.85 range for a month on above average volume. It just bounced strongly off the 50 MA a few days ago. I think the pressure continues to build as the range tightens if it continues in this variation of a Bullish Symmetrical Triangle. Looking for a move to 2+ if it breaks out in January. www.tradingview.com
AMEX:DNNLong
by Capn_Vibe
8
Ratio Trading Example: Uranium, Bulk ShipDennison Mines vs StarBulk Carriers Dennison is a mid-size uranium producer. StarBulk is a mid-size bulk marine shipper (grain, iron ore, coal ,etc.) The two sectors appear counter-cyclical, opening up an opportunity for a pivot between them. The specific equities chosen (DNN, SBLK) show a reasonably good reputation for not diluting shareholders. The ratio trade should work just as well using other equities in the sectors, these are just a couple of my personal favorites. Compression between my high and low lines is 2:1, which means a quadrupling of shares over 1 full cycle (SBLK to DNN to SBLK) - this example swings fairly frequently, 7 times in 8 years - almost one pivot per year. If you bought in mid-2016 with $1,000 and employed a conservative pivot strategy, swinging 100% of your holding exactly at the green ratio bands, your initial $1,000 will have ballooned to $64,000 over the course of 8 years. You'll notice the ratio between these 2 has just tipped into the "pivot" range, suggesting a good buy price for the 2nd equity in the ratio, StarBulk Carriers.
AMEX:DNNLong
by thirtydollarsaday
DNN - Denison Mines -Bullish trends in Uranium 2024 and Beyond Uranium Fundamentals and Thematic backdrop set for bullish decade after many years of muted price action in uranium spot prices. Miners are currently showing capital outlay at prices that are lower than cost of production. (over supply and stockpiles from Cold war and interest in alternative green energies) Denison is a serious player in the space and will be one of the largest mid-level producers once the mines are up and running (after 2025) it has licensed mills / building sites in the "Persian Gulf" of Uranium in the world. Denison name is known to retail investors and speculators but has gone sideways for a year. Bullish posture has maintained and Uranium is now in a position to trend toward $60+ dollars per pound. This means that retail narrative could get involved in Denison just posting this up to see where it is in the future. *****Commodities pump of 2021-2022 was possibly not a fluke but a hint at a longer term trend for the decade******
AMEX:DNNLong
by SnarkyPuppy