Uranium Miners ETF versus SPX#Uranium Miners versus #SPX with data adjusted for dividends.
The most behemoth of breakouts still ahead of us...
URA trade ideas
Bull Trap Forming...Many are sold on the fact the bottom is in here...However I think not (can I be wrong sure but probably unlikely), One of the main reasons is because the leg I have labelled A substructure of C terminated in 3wave structure which is not typical of a completed C wave (hence I do not believe the bottom is in - it's just half the move) and we're in the process of working on a B wave top before waterfalling down.
Long URA Uranium Miners Breaking OutUranium miners are breaking out of downward sloping resistance trend line. If the world is serious about going green then nuclear will have a big part to play and the world needs uranium.
Keep an eye on UraniumWill keep an eye on Uranium. It looks potencially promising. Need a bit more Volume and Bullish momentum to confirm. Will set my alerts.
URA Weekly convergence with 4 points and clear bullish candlesBullish Flag continuation
Buy at 22.28, Tight SL at 20.9 just below the last pinbar
Chance of another dip and false breakout back up for a second bullish entry.
Uranium Miners Monthly Log ChartTime for uranium and miners to launch is approaching...
#ura #inflation #fintwit #uranium
$URA back-testing trendline A successful back-test of this trend line could mean further upside. This is looking like a good long term commodity bet. Countries around the world are starting to see Nuclear as the best green alternative to coal. We are already using more Uranium that we are mining.
Buy URA. Target 38.32, stop at 17.18Fundamentals favor uranium and price action is showing transfer from weak to strong hands as complete. BC broke previous buy to sell. Stop is at 17.18 in case it wicks the buyers before shooting upward. The 3 recent peaks form a creek -->ready for liquidation.
Partials at 24.31 and 31.51
Uranium - BuyWeekly Uranium etf
Just completing 9 month correction.
Projected move and point of risk illustrated on chart.
Uranium ETF Wave ForecastAMEX:URA
URA, the Global X Uranium ETF has completed the first wave of an impulse move, and is in the process of completing a Wave 2 correction.
Wave 2 appears to be a complex correction consisting of two corrective patterns. (Zig-Zag + Triangle)
The triangle is still in the process of completing it's structure.
(I also want to note the possibility that wave 2 has already completed a flat correction and that the triangle shown in this chart could be wave 1 & 2 of the 3rd wave of larger degree.)
Either way, price should begin rising sharply within the next month or two as it completes the triangle correction and begins Wave 3.
Or in the case that Wave 2 is a flat, Wave 3 of 3 could already be on it's way.
I've used a Modified Schiff Pitchfork to form a channel for the rest of this impulse move.
I've kept these projections pretty conservative, the actual move could be much larger.
Wave 3 is a 1.618 extension of Wave 1, and Wave 5 is only slightly larger than Wave 1.
(Wave 5 = .786 of Wave 3, compared to Wave1 being .618 of Wave 3)
Being that Wave 2 is a complex corrective pattern (zig-zag + triangle), I've projected Wave 4 as a flat correction.
(If Wave 3 begins very soon, it would be likely that Wave 2 was actually a flat. If this is the case, expect Wave 4 to be a Zig-Zag)
Disregarding any wave structure, price has formed a giant bull flag.
I'm going to be purchasing some long-dated call options on URA once price breaks out of this bull flag and begins Wave 3.
My conservative targets are Wave 3 = $60 and Wave 5 = $77
Fat_Fat
URA offering 100%+ on long term energy transition1. Bullish pennant forming
2. Target is $42.76
3. Support tested and held
URA NeutralIf the green trend line can hold we will some bounce. We are now at the bottom of the volume cluster. The hourly MACD shows us a turning point.
Uranium VulnerableUranium stocks trading very heavy. Lower highs + ominous head and shoulders pattern
Uranium ETF continue to form bull flagUranium ETF continues to form a bull flag, the trend on the upside is not broken and it should break out at the end of the year or early-mid next year, so unless the trend change, uranium is looking great
URA etf Ready to breakout from resistanceURA ETF Ready to breakout from multi month resistance resistance. This group is one of the leading groups next to solar.
URAs breaking out on volumeUranium miners jumped over short-term resistance this morning (9 & 21 DSMAs). With strong volume at 11 am and support at 200 DSMA having held from two days ago, I'm looking for URA to maybe catch its breath at the 50 DSMA before pushing through and targeting 28 in September.
BUY IDEA: Global X Uranium ETFThe ETF has been trading in a multi-month consolidation with support between $17.60 and $18.25. One could argue that a topping structure is in play however a failure on these formations often create a buy/long opportunity . The share is trading just below its quarterly pivot, of which a print and close above would suggest further upside from the recent lows. The MACD Line and Signal is positive territory while the price is above it's 50-day EMA.
TRADING LEVELS:
Entry: 21.19
Target: 27.52
Stop-loss: 19.02
UNRANIUM READY TO 55.0 - CTSI can belive this
Is uranium ready for 549$ 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.
