ST UUUU PositionMy ST UUUU trade is about to enter it's most bullish phase to the top of the megaphone channel (red inclining resistance) ...
Upon reaching this resistance it will have cleared any meaningful overhead resistance left from the bear market.
This phase will be an amazing ride for the short, medium and long term. You can see my position as shown, I would consider adding on this pullback and would not expect lower prices in the medium term.
UUUU trade ideas
UUUU - Reach resistance and drop!When you look at UUUU chart, historically, there were many double highs that been followed by a drop that reached the beginning point where the double-top's rise started from. Currently we are at a very close point of reaching our next resistance point. We expect UUUU to reach the resistance and then go for a cool-down.
UUUU ENERGY FUELS INCPrice did go below the support line but sits right above 50 DMA. Long Ichimoku green uptrend cloud and everything is above the cloud. So, far it looks good. Dropping below 50DMA would be a concern. I would not sell just add more if have dry powder left. Spot price keeps on climbing. Sudden spike in spot price can move an entire sector quiet rapidly. Stochastic indicator is getting closer to an oversold area
UUUU ENERGY FUELSI am Uber bullish on #uranium sector. Looks like consolidation is over and we are ready for a new move. Technical looks very good, beside strong fundamentals for uranium and this particular company. Inside of megaphone pattern we are also seeing bullish formation. Price is hovering just above 50 DMA which is a bullish sign. new price target around $8.86 and we should get there by April 5th + or - $0.5 on a price and a day or two on a date
Short opportunity!Buy Put 7, April 16
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
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UUUU Energy fuels potential bull flagIt is early to state but I just found that Energy fuels(UUUU) could be in a bull flag. It could stay in it with retracement taking us back as low as 50% from the peak which would account for $3.48. If it was the case, then after breaking out to the upside potential price target would be around $11-$12. Taking into consideration uranium market condition it is not that far-fetched.
MT/LT UUUU MapBullish on this stock having now acheived over 200% from initial entry I am letting this ride the USA Uranium and REE narratives as they bothe develop independently. I'll update with smaller levels of technical resistance as it progresses, has space to run free with pullbacks until 7.80 , once confidently above 8 we have a clear tun to 20 in sight, see channel intersections with resistances to see potential dates of challenges.
UUUU January 2021 sideways movementUUUU is seeing a dominant sideways trend after having recently shot parabolically beyond the $4 range from ~1.50 which is likely to last into the 3rd week of January. Alternatively, UUUU could also break the resistance in the $4.40-$4.48 range to retest the $4.8 resistance. On the bearish side, we could fall to $3.68, the previous line of support, if the commodities narrative is doubted by the market.