$URG is primed for the next leg upThe red uptrend should hold to send it to higher to clear the golden resistance and get to new highs.
URG trade ideas
liking this setup, looking for a bounce soon 👀urg recently did a triple bottom bounce off extreme support and also broke downtrend resistance.
If support holds we can target 1.61-1.9-2.19, if it broke below support.
a break below support will send it to .85-.7-.65
like and follow for more! 💘
Swing Trading -- $URG = Cup and Handle BreakoutRSI going a bit into the overbought area but the very high buy volume, and the strong resistance at 1.25 being broken can be used as a reason to disregard slightly the RSI oversold level. Bounced off of the resistance on the hourly candles which confirms this as a resistance (now a support). Placing my PE over the days high and placed the stop loss under the 1.25 support at 1.23. Lets see how this plays out. First publication on here 🤝
Adding to this longterm URE position - looking for a breakout.Still super bullish on the short and long term uranium outlook, I have added some shares of URE (UR-Energy) to my position...
UR-Energy: Breakout of Bullish Pennant suggests C$ 4 till AugustUR Energy, along with many other uranium stocks, just broke out of its 4 month consolidation. Expect a move to $CAD 4 until August, likely with some overshoot.
URGNice action today in an entire uranium sector. Spot price has not moved today at all. I think May will be a good month for uranium investors. URG is looking good, both Stoch and RSi in an uptrend direction. We need to move above 50 DMA and breakout resistance line.
URG Fib Retracement Being TestedSucks that the open today broke to the red so fast. We're trading right at the $1.14 Fib line. IF the $1.14 line holds well, we may see the rest of the week trade green. IF we break definitively below that $1.14 mark by today's closing bell, it could get a little ugly over the next few trading days.
*This is NOT Financial Advise. Do your own DD and trade wisely.
Possible next week scenarioPlease look at the charts below as well to get a bigger picture .
P.S. Just an idea , I can be wrong.
Possible move on MondayATR $0.13 , watch the level marked by the red arrow . Quick target $1.36 .If URG moves above the red line and then establish support on it move to the higher price is possible.
P.S. Do your own DD, my forecast can be wrong.
URG UR ENERGY INCReverse H&S formation on this chart. Super bull on URG as well both fundamentally and technically. Target price is $2.04 and the time frame is April 12th to get us there + or - on a price and time frame.
URG not enough support to carry past $1.60 I don't and cant see any other outcome for URG unfortunately... 1.55-1.60 target in my eyes.
UR Energy - Breakout Means SCOTCHstocks TargetA breakout of the bullish pennant would trigger a SCOTCHstocks target range for AMEX:URG of $1.80 - $1.96.
Everything shared here is my own opinion and no results are guaranteed. Good luck!
$URG - grabbed the close This likes to gap N fade
Grabbed a bunch of commons to swing since its super affordable. Was on my weekend review/good-ideas list.
In at $1.3999
Stop is $1.20
Target is $1.84 - $2 would be insane.
URG Candle gapped up and tested the 50% fib level. The MACD is crossing and the current price is close to the POC. Looking for a break of 1.10 for entry.
URG tagged the .618 retracement pointThe over shoot to the upside was meet with the overshoot to the downside and hit the Fibonacci retracement point on Friday. The extreme bearish sentiment kept most buyers on the sidelines allowing the shorts to dump shares and manipulate prices down to the fib support level. There should be a bounce from here within days. Weak hands and sellers capitulated on Friday in sympathy to the sell off.
URG is ON its way to Stardom!!! Watch her Shine! This is the end of final dip before hits on all 6 cylinders. This will be better than GameStop and AMC put together!
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URG energy stock, next stop the moonRising megaphone pattern, It is at buy time now 1-21-21. Buy and hold long term
URG30 day duration process has been completed and funds have been transferred to UR Energy from Congress! Look to see a bullish trend coming soon. Ascending Scallop Trend Reversal.
Ur Energy ( URG ) shares advanced on Wednesday after a US Senate committee recommended funding a uranium reserve to reduce dependence on imported uranium fuel products.
Ur Energy said the Senate Committee on Appropriations has released its twelve funding measures and the subcommittee allocations for 2021, including recommendation for the creation and funding of the American Uranium Reserve that will enable the government to make direct purchases from domestic uranium miners of 17 million to 19 million pounds of U3O8 over ten years.
"Creation of the American Uranium Reserve will begin to address our nation's nearly complete dependence on imported uranium fuel products, most of which originate from state-supported enterprises in Russia and Kazakhstan," the mining company, which operates the Lost Creek in-situ recovery uranium facility in south-central Wyoming, said in a statement.
Shares rose 3.5% in afternoon trading.
Price: 0.47, Change: +0.02, Percent Change: +3.46
Time to buy URG at support 4X moveURG is a uranium energy company, new legislation will push it higher. The demand for electricity will only grow and the new nuclear plat designs will enable the US to increase usage.
