$URA - Uranium ETF - we have liftoffThe Global X Uranium ETF (URA) provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries.
Breaking downtrend which has been in place for the last 2 months. Looks like this is ready for its next leg higher.. (MACD also crossing up)
URA trade ideas
Extremely bullish pattern for Uranium StocksUranium stocks, hit by a decade long decline of uranium prices, are now strongly reversing like many other commodities.
While one can use Uranium ETFs to get a long exposure, I prefer junior companies (which offer a better risk-return trade-off in my opinion), such as $BSK.
*Disclaimer: I'm long BSK for more than a year
URANIUM Time to go on a big buy?The Uranium ETF has sustained an uptrend since March 2020, with is rise resembling other bullish stock markets. Perhaps the most important development is the formation of the Golden Cross (MA50 crossing above the MA200) on the 1W time-frame. The 1W MA50 (blue trend-line) has been the Resistance throughout its multi-year downtrend. Can it now provide Support for a multi-year uptrend?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hujianghua
--------------------------------------------------------------------------------------------------------
Negative Divergence, froth, gap, pullback. fyi: I'm long uranium: fundamentals and commodities bull run
fyi: i'm still learning TA and looking at Elliot Waves.
This negative divergence looks like it could be heading into the the first ABC of a much larger wave 2 that will top on wave 5. (just my uneducated opinion)
Also, distance for 50MA is frothy.
Also, gap. (gap is a multi year resistance that could act as support now)
Also, sentiment is frothy.
Also, components of this fund are showing similar patterns.
Also, gap at .38 retrace of entire move (larger cycle Wave 1... whatever its called)
Again, not bearish U308, HURA.T for me on the BTFD's.
URA- WORLD CRISIS
I personally feel it would be a perfect time to get some URA, A war is on its way there is a revolution, an uprising
LAST CHAPTERS OF REVALUATIONS ARE COMING TRUE
And the word of the LORD came to me saying, “Son of man, set your face toward Gog of the land of Magog, the prince of Rosh, Meshech and Tubal, and prophesy against him and say, ‘Thus says the Lord God, “Behold, I am against you, O Gog, prince of Rosh, Meshech and Tubal. I will turn you about and put hooks into your jaws, and I will bring you out, and all your army, horses and horsemen, all of them splendidly attired, a great company with buckler and shield, all of them wielding swords; Persia, Ethiopia and Put with them, all of them with shield and helmet; Gomer with all its troops; Beth-togarmah from the remote parts of the north with all its troops – many peoples with you.
— Ezekiel 38:1–6
Long URA as a side effect of mining and metals inflowsThere is nothing really attractive about the sector other than macro dreams about a uranium supercycle ... I'll leave that to the governments to decide. But we can clearly see speculation by big money players into uranium equities. We can speculate by entering a call debit spread on the uranium ETF URA. URNM is a more concentrated bet on mining.
Buy the $20 October call
Sell the $25 October call.
If we get a 20% move up in URA, the net profit will easily exceed 140%.
Uranium (URA) To All-Time High After reducing my crypto risk and securing profit, I decided to add a small URA position. This is a long term swing trade opportunity, similar to the opportunity I saw in GME (which I regrettably didn't take). However, I DID post about it, and why I thought a short squeeze was possible. I thought it could squeeze to ATH , but I wasn't aware of what was happening with the Reddit community around the stock. Here is my GME analysis from October:
This trade is ultimately targeting all-time high for URA. Why? I'm hedging against the future here. A couple of things could drive Uranium price higher. Both can happen.
1)Demand for alternatives to fossil fuels and gas --- nuclear is one of them, and it has gotten much safer in the decade since the Fukushima disaster.
2) Economic collapse. This could cause war and a scrounging for resources that can be used for energy.
As I mentioned, this is a small position. I have bought twice recently, with an average price of $15.49. I'm building for a long-term swing trade. The technical setup is also looking very good. It looks like a failed low and a long term breakout from some major downtrends. Potential targets are in green.
This is not financial advice! This is for educational and speculative purposes only.
-Victor Cobra