Uranium is on the watchlist!...wait for the breakout! when this happens we have a lot of upside to come!
URA trade ideas
$URA - V- Shaped recovery and then someUranium ETF has had a strong recovery and is now back above resistance.
URA Medium term trade 45% profit targetPrices of Uranium equities are cheap in general, so its a good long term investment. For the medium term, im targeting 17.50 (my entry point was @10.8 but I still think 11.9 is a good price
Beautiful Setup !Global X Uranium ETF is starting to outperform commodities.. finally!
This one not to be ignored in my opinion.
Prices for Uranium: it could be the the trading idea of the yearShow me the money! June 22, 2020, by Vladimir Rojankovski, Grand Capital Chief Analyst
Prices for Uranium are soaring. In just the last few weeks, the price of this clean-energy metal — or yellowcake as it’s commonly referred — has skyrocketed by more than a third from $25 per pound to over $33 a pound!
Investors are lining up for gains. Moreover, it could be the windfall of a year lifetime. You see, when Uranium prices rise… they do so in dramatic fashion.
The last time we saw something like this — the price of yellowcake skyrocketed all the way to $140 per pound… with well-timed investors raking in 10-fold, 20-fold and even 30-fold gains!
It is possible to gain exposure to uranium growth through its only ETF with a ticker URA at current price around $11.
Uranium; Strange times inbound.Strange times.
As seen on my previous post (the DJI middleclass wipeout imminent), several predictions are coming to fruition. I am currently wondering what is about to happen as I cannot predict world events. I did expect the Dow Jones/NQ to top out, which currently is in play. The reason that a virus would be the catalyst is obviously a prediction out of my control. However the timing seems incredibly odd.
Anyhow, it seems most commodities are a safe haven (including cryptocurrency, watch and learn.. post will follow) this thread isn't about all of those, but something particularly worth mentioning; Uranium.
Now, what Uranium is used for is up to you to google. But according to this chart, I expect enormous world event(s) to occur solely based on a chart. I may be right, I may be wrong. This chart however has convinced me that a huge play is inbound.
In my point of view, big parties have been suppressing the price of Uranium constantly; testing previous highs continuously (flushing all shorts in an old-fashioned way). A final shakeout move has been executed recently, and since this chart is one massive shockwave, big moves are bound to happen very soon.
Watch and learn.
See you in the future.
Kind regards,
Gabriel Molenkamp
URANIUM ETF Cboe ( $URA 1M) uranium prices can go nuclear !One random stranger on internet (John Polomny) said that uranium commodity price is ready to begin a new cycle I agree.
Those of you that follow me knows that I like to buy things low to sell them high.
I can’t speak for the spot price but today I will give my view on the Uranium ETF from CBOE.
This particular ETF is in a monthly downtrend since 2011 which culminate in JAN 2016.
From there we can se the beginning of a bullish divergence on the monthly RSI and a significant uptick in volumes in JAN 2017.
From there the price slowly decreasing while volumes are also decreasing in a structure that I speculate can be read as a falling wedge .
I must agree that in first look at the structure it looks like a descending triangle
but to me (in retrospect) it makes more sense to draw it as a falling wedge due to the volume signature during the pattern.
falling wedge can be meet at the end of a trend either as continuation pattern or as reversal pattern depending on the direction of the breakout.
Breakout if bullish should be characterized by huge volume and of course huge green candle
We are still to early to begin to talk about entry point, targets and stop loss. I’m first waiting to see a clear breakout + monthly trend reversal (higher lows and higher highs) but I will definitely keep a eye on this.
As time goes by, I will keep you updated on the evolution of the asset, so make sure to follow me on Tradingview
Disclaimer : This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
PS: I cannot emphasize enough the risk associated with the activity of trading ETF due to the imaginary nature of all paper contracts, the reason why I prefer mainly trading cryptocurrencies instead of more “traditional” assets. On the other end without total systemic collapse it can quickly become a good trade opportunity .
COLD WAR 2.0 / WW3 / NUCLEAR HOLOCAUST investingThis is what a market bottom could look like.
Currently some nice rsi bullish div. Looking like it is in a bull flag. Appear to have had our capitulatory move. Fundamentally speaking we are working our way to the end of the world so we can see a catalyst like a nuclear arms race or world war breaking out. Is this chart the hourglass for humanity?
If we break the green line and can close above $11.74 this is my buy signal and the hour glass will begin.
Stop loss will be if we break the low at $10.
10% risk for possible 10x reward IMO.
Significant levels are the white lines.
Doomsday clock in a chart.
Like and follow if you don't wanna die.
G-D HELP US
Understanding Corrective Waves - Part III - 01Understanding Corrective Waves - Part III - Strength and Complexity
Chart 01
Understanding Corrective Waves - Part III - 03Understanding Corrective Waves - Part III - Strength and Complexity
Chart 03
Understanding Corrective Waves - Part III - 02Understanding Corrective Waves - Part III - Strength and Complexity
Chart 02
