UUUU entry - sub $6Energy Fuels (UUUU) is a Uranium and Vanadium mining company that is domestically sourced low carbon renewable energy fuel (U( and steel strengthener (V2O5).
* Improving earnings - nearing profitability
* Domestic contract growth
* By-product Vanadium is also in demand - steel recycling
* Energy market can not rely on oil and LNG alone
* MFI crossing 50% and consolidation and buying will increase scarcity
* CCI momentum hitting bottom
Entry this week after dropping below $6 with limit buys and retracing back to 238 fib level. Will watch for drop to full retrace to $4.90 (exit before) or a more likely climb to 500 retracement at $8 and watch for break through or more consolidation.
Own opinions of energy market - come to own conclusions, or comments here welcomed. Like to hear what others in energy market have to say. Warm winter LNG will get us through, what stocks are you loving for 2023?
@Pokethebear
@rudcharts
UUUU trade ideas
UUUU Energy Fuels - Uranium among other refined fuels UUUU - Niger the African country in the middle of a Cupe D'Etat is was the main source of Uranium for the Atomic Energy Industry in Europe .
I have been watching UUUU for a while, and believe that this company was or is still engaged in a massive bear raid for the purpose of share accumulation, what else is new. Never the less the technicals show very nicely a potential doubling in share price .
$UUUU forming a monthly lower high? To see lower prices ahead.I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does.
$UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so.
First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support.
Then longer term over the course of the next year, I can see $UUUU heading back to the range it broke out from.
Let's see what happens.
Trade Journal - UUUU, Feb 7 (short)UUUU has been trending between $6 to $9 over the last year or two. It seems like it hit a local top and I believe it will head back down. On Feb 6th it closed within the baseline, and I watched and waited for it today; I entered a short position around 1 pm and it retraced and went back up. It never actually closed past my baseline ; I should have waited for today to close, or else did it just before market close to have more accurate pricing/signals. The CLAMP indicator did agree with the trade, however.
Based on fib levels, it could plausibly reach the 6.51 to 7.03 range.
-400 @ 7.13 (4.95 fee)
UUUU Price poised to move substantially long termPrice bouncing from monthly support. There is a higher probability, the price will move higher from here and the recent highs again which is a monthly resistance as well.
But this test of the highs will be only to break this monthly resistance and take the prices higher.
$UUUU Bullish 3-5+ YearsIm bullish on $UUUU Unless we break back under the consolidation level. With all of this war going on and XLE breaking 8 years of downtrend I believe energy sector is the next pump and $UUUU is showing wyckoff accumulation that cannot be ignored. I will be buying $UUUU from sub $3-6
$UUUU looks like it will fall (again) - back to $6.44 minimumThe bulls have come out of hiding, and have started beating their chest again, calling for new highs-- but the chart says otherwise. While I know there's a lot of fundamental news that makes people want to think the Uranium sector is going higher, the chart doesn't line up with the fundamental narrative. Just like it didn't when I called for the price to drop back in April (see related ideas below).
If we look at the chart, price is retesting the structure it broke down from back in May. It's now testing the $8.24 resistance and I expect to see price to retrace from this level back to $6.44. If support is able to hold there on a retest, there is a possibility that price could go a little higher and test the $9.17 level, which I think would pull in a lot more bulls. But price would need to break over that level and confirm for me to believe that there might be a trend change.
Otherwise, if we look at the chart, $UUUU is just forming another lower high, which should take prices lower.
The first support on the downside would be at the $6.44 level, but if that were to break, the $4.81 support has already been tested 3 times, and I think if price breaks down to that level, the support should break and take price down to the $3.57 level (or lower).
I'd be cautious if you're long here.
8/24/22 UUUUEnergy Fuels Inc ( AMEX:UUUU )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 955.43M
Current Price: $7.30
Breakout price: $7.35
Buy Zone (Top/Bottom Range): $7.10-$6.10
Price Target: $8.70-$9.00
Estimated Duration to Target: 40-42d
Contract of Interest: $UUUU 10/21/22 8c
Trade price as of publish date: $0.65/contract
$UUUU Late JULY into Earnings play.Working with my own TA and using measured moves in both price and time, bar counts and scaled angles per timeframe.
I am using as well as the 2 major parts: starting fib levels NOT AT MAJOR LOWS...
These are usually banks ripping people off to buy the dip and cause a rip. Resistance breaking bullish uptrends forming anew uptrend because of many factors, one of which is the moon phase we are in currently which is the 3rd Q moon (bullish in uptrends), to July 28 NEW MOON (BEAR TOP).
I am not perfect but I try to be :)
IMPORTANT NOTE UUUU has earrings AUG 5th, I think we could be seeing a Pre earning run up WITH BULL CONTINUTION possible..... Maybe to the $8 level in next 2 Months before the Southern hemisphere starts spring around Sept 1st...
Tues July 26th (and maybe 27t) ===== MAKE OR BREAK THIS TREND UPWARD....
Lets see,
-Trading Time
Long-term Uranium stock pick #1 UUUUI love the fundamentals on Uranium , especially since the war in Ukraine , Europe's new realisation that it has to be more independent for energy and the push for the west to go Green. Its the perfect set up , couple this with supply and inventory limitations the price of Uranium will have to increase over the years to bring on new supplies , ~$70 spot.
I plan to add to explorers and juniors but first some producers. #1 UUUU for now.
Ill be holding long-term hopefully seeing this TA arc complete in the 10-30x zone.
You know what to do if you like the content/ideas.