Long UUUU rebound Trump did not approved increasing import tax from 7% to 25%. That would greatly benefit domestic uranium miners, such as Energy Fuels Inc. Trump did not approved simple tax, but called for a working group to evaluate and work with industry how to help domestic uranium miners, so USA would be more independent on their Uranium purchases, citing national security. 36% sell off is big overreaction, turnaround for 232 petition isn't what everyone expected, but it's not bad, it's quite positive actually. Meaning in 90 days, UUUU should at least once touch area 2.5-2.8 USD, if not because of fundaments, at least because of TA.
UUUU trade ideas
UUUU Wave AnalysisSharing my primary chart as discussed on my YouTube video today. For full details, please watch that YouTube video. Can be found on my Twitter.
Uranium stocks have seen a massive volume pick up in recent months. I don't necessarily believe these are instant buys, but I believe that we will see a massive move up once the correction completes. Pay attention to this market. If you see bullish news start coming out, it's time to HODL.
If you are not long you are wrong Ill keep this one short, UUUU looks BULLISH! We have bullish divergence on the daily and under, weekly RSI sitting at the 40 support, we are sitting at a major support zone, 50 2 week and 50 month MA line up with the support zone, we have have double tweezer bottom form on the daily and we are very likely going to close the weekly with a beautiful hammer candle.
Fundamental are looking stronger and stronger as the days go by and section 232 will more than likely be approved withing the next 50 days or so making this set up even better.
Like the title says, if you are not long you are wrong.
Good spot to go long on Energy Fuel This is a nice set up to take a swing trade on Energy fuels UUUU. We are at a strong support and we have bullish divergence on our daily time frame. monthly and weekly 50 moving average lines up nicely with our support area adding confluence to our trade. when i see this i see a good risk to reward trade.
lets get this money you degenerates!
UUUU Entry 2.69 #UUUU #URANIUM #STOCKSFirst trade in uranium personally as I see some potential for growth.
My entry here was at 2.69 today. Stop Limit set below A as if it breaks this level it invalidates the triangle count. Good Risk to reward here, always manage your risk and set a stop loss it's the smart thing to do!
Cheers,
Marc
chad's a uranium maximalist now smfhthis chart really should give u a boner (even if ur a lady-dude), if it doesn't u should see a boner-doctor
i have a 401k, and mutual funds and shit (boooooorrrrriiiiinnngggg) but its the charts like this that u just buy a fuckload of wake up rich one day mid like 2023 or some weird shit
*note: this is not financial advice, but even if it *was* financial advice (which a court of law may in fact determine), it is incredibly bad totally-not-financial advice, and the author advises that u not take it
UUUU - Could Go Either Way Short Term; Bullish Long TermClosed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only vanadium produced in the US.
The section 232 for Energy Fuels will be absolutely massive if approved and based on Trump's previous policy, that seems fairly likely. However, if denied it will destroy a lot of enthusiasm. The 232 was filed Jan 16th, 2018, and they were federally inspected a couple months ago. Once an investigation is started (started in July 2018), the final decision must be made within 360 days.