URA trade ideas
URA - potential for long-term longThe blue bar projection is less of a prediction and more of a possibility. It is the previous primary trend decline flipped around but equal in price and time scale.
URA experienced a long term primary down trend since opening for public trading.
From 2016-2021 the primary downtrend turned into a multi-year basing, which was broken out of bullishly in 2021 and then held above resistance-turned-support. It has now retested multiple times without falling back into the range.
You can see recently it has surged again upwards with good volume.
This has good potential for a U-shaped long term recovery.
As I am a technician I will leave out my personal fundamental opinions on nuclear as a clean source of energy.
Thank you.
-harambepay
Uranium Mining OutlookURA in a 3rd wave and could possibly have topped here at the 28, but it also could be setting up higher for a 5th wave finish 32-36 area.
When I first looked at it, I saw the possibility of a great buying opportunity in the $14-16 area if things break down.
Right now I think we need to hold the $24-22.5 area to keep this bullish move upward. Otherwise the 14-16 becomes a greater likelihood and then will have to start seeing if the projections of the move line up to that target of $14-16.
Not financial advice
Short $ura short term long $ura long termI am super bullish on AMEX:URA medium and long term but believe the share needs a pullback to back test the breakout, complete the wave 4 before going nuclear on wave 5. Note the divergence on the RSI - lower lows lower highs - and MacD flattening. I expect a fairly shallow pullback to the 0.38 Fib at $24.78
Uranium middle termUranium is following a bullish trend.
Eurpean Union defines Nuclear Energy as Clean Energy in terms of CO2 emission.
Technology Companies are contracting Nuclear Energy due to their high level demand for data centers.
Hedge funds are investing in Nuclear stocks and ETF.
Cameco Corporation, Canadian Company, is under real production.
Saudi Arabia is pushing Oil Prices to high levels. Nuclear could be a sustitute in many activities.
$URA #URA"📈🌐 Watching Uranium like a hawk 🦅! Monthly trend is pointing North 📆🚀. All indicators are singing 'Buy, buy, buy!' 📊💹 Long-term bias? Locked and loaded 🔒📈. #Uranium #Investing #LongTermGains"
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
URA/UXI stole this concept from someone else, but the chart is my interpretation. Mines vs spot. I’m seeing inverse head and shoulder, which tell me mines have a long way to run vis a vis spot. The bull run is just beginning in U.
URA - one more low inc.No clear impulse visible...
we might still have to embrace one more low..
Once upon a time in the bustling world of financial markets, there existed an extraordinary exchange-traded fund (ETF) called URA, which was intricately tied to the price movements of uranium. URA, short for Uranium Resources ETF, was an investment vehicle that allowed individuals to participate in the uranium market without directly purchasing the commodity itself.
The story of URA was marked by its peculiar behavior, as its price fluctuations seemed to defy the expectations of many investors. It was a constant source of fascination and speculation, leaving seasoned traders scratching their heads in confusion.
URA - You want to be long UraniumURA faked out initially by breaking its downtrend (yellow) but then failed the retest of its breakout by falling back into the triangle and dipping below 21. It has now broken out a second time, but this time it seems to have done so with conviction. One can buy the ETF (URA) or look for uranium stocks to punt.
$URA longCould still make a lower high so my TP is set very conservatively without the best RR. If AMEX:URA clears the resistance in the grey box I will look for more longs. I just added more to this trade and raising the stop loss so thought I will post the trade idea incase it offers more opportunities to enter.
Secure your grandchildrenIf humanity doesnt go extinct.
Uranium . if it gives any price between 10 to 14$, im getting in and this is a full send.
The initial drop is not just enough for me to be sure in an elliott wave count correction wise. The faster it drops, the faster it will jump as well.
I would really like this to go lower.
But current global happenings might just send it already...
Long term hold
Uranium miners vs spxBEHEMOTH opportunity MORPHING into EXISTANCE for URANIUM MINERS.
Do you think they will ever talk about the next #UraniumMiners BREAKOUT versus #Tech and #Growth stocks?
Move will most likely be SEVERELY UNDERWAY by the time they do.
URA 3d, 2023 2H URA looking interesting for the second half of 2023. If there is a commodities resurgence in q3-q4 similar to what we are seeing with energy (see XOP, XLE) this is a viable candidate to make a move in the next coming months.
uranium miners v3DO NOT care about narratives, but DO care about price action.
Are you seeing what is happening in the URANIUM sector?!?
#uranium #gold #silver #crudeoil #inflation
notes
MASSIVE volume defined base
bounce on 3 year moving average
coiled price sandwiched
Price peaks with volume
Levels of Interest $URA TA on levels of interest for AMEX:URA ETF.
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
URA bear fib channelURA 2D overlayed with bear fib channel. I’m predicting, based on the obv consolidation, that ura will break out and revert to spot
Uranium Miners v2Uranium miners have gone NOWHERE for 2 years now.
Being forgotten while bullish chart morphs into existence is good.
Sentiment reset.
notes
coiled price sandwiched between 1 & 3 year moving averages
below critical take off platform
Price peaks with volume
MASSIVE volume defined base
#uranium
URA still a little more downside for the next tradeRisk to reward will look quite good. and 40$ should be achieved.
After the breakout (the red dotted line)
Uranium down until at least 03-Jul-2023We are near the end of completing a complex correction consisting of several 3 wave structures. I'm labeling them A-B-C-D-E. It could also be abcXabc; but in any case the trend and prediction is down. I'd like to see the correction take as long as the impulse. July 3rd is at a minimum the same length of time.
Destination for wave E is in the green box
1. is after july 3rd
2. near the gap from early 2021
3. between the .786 and 1 fib
After target is reached, we should have a strong bull market for years to come
Uranium long ideaUranium has been consolidating for a while now. It has been going back and forth between HKEX:19 - HKEX:23 range. First TP is the white horizontal line at $21.4 and the second TP is at $23.22
URA contracting triangleNearing the resolution. Could be the low. but..
It might as well retest point E (wave 4)
$URA Cup & handleNot financial advice.
$URA still on this downtrend wedge to fill gap at green area and at the same time long term will form a nice cup & handle for continuation on the bullish side.. be patient since has been almost 1.5 years forming the handle.
Like, share and subscribe.
Thank you!
Alex.
