UUUU$UUUU - this #uranium stock is ready for a reversal. I has been lingering up and down in the same pattern since the beginning of 2021. Same pattern in parallel channel. All indicators pointing on extreme oversold.
EFR trade ideas
$UUUUWedge forming along a horizontal support. Sitting on volume shelf also.
Daily hidden bullish divergence on the MACD. Double bottom on the daily RSI.
Weekly triple hidden bullish divergence on the MACD.
Stop = Break of trend line/below recent low.
1st target = Resistance
2nd Target = Previous high/0.618 fib extension
3rd Target = Resistance / 0.786 fib extension (only if things get crazy)
$UUUU - @AOTtradesOne for the watchlists , when this breaks out of consolidation pattern will be a nice mover
UUUU update - Terrible time for shortsUpdating my chart as it seems to be followed by a few lately and has proven accurate since breakout in Nov..
We may see a quick (C) down to the confluence of support (Trend, Fib and MA) which would constitute a spike, though it may have enough buying buoyancy to be rather shallow.
Once correction is complete, this week will show the beginning of a W5 up to the $8 master resistance. It may get rejected there and correct up to 50% of the current 5 wave structure. That correction will be the LAST buying opportunity in UUUU/EFR
UUUU top out at 10Update to my UUUU chart. I last posted a while back before breaking out of the wedge where I proposed repositioning if we failed to break and challenge the red trend resistance.
Since we have broken the wedge to test the RED. The RED was stiff and we will now retrace the move since April. This part of the wave structure would usually retrace shallowly, but I present the deepest possible retrace will test the 50 dMA.
Once the retrace is complete we could test the RED resistance. If broken we test 10. If fails, we probably sideways until true spot market moves, potentially nearer September.
My last entry was at 5.57 and a strong push to 10 would be 80% before considering a reposition to somewhere lower in the channel (As per the previous post)
Energy Fuel - Deja Vu Pattern, Cup Could Break to the UpsideEnergy Fuels is the leading U.S. producer of uranium – the fuel for carbon- and emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating climate change and air pollution.
Energy Fuels is also a major U.S. producer of vanadium and an emerging player in the commercial rare earth business where its work is helping to reestablish a fully integrated U.S. supply chain.
With a truly unique portfolio, Energy Fuels has more production capacity, licensed mines and processing facilities, and in-ground uranium resources than any other U.S. producer. It boasts diverse cashflow-generating opportunities, including vanadium production, uranium recycling and rare earth processing.
UUUU ENERGY FUELS INCNext stop is $7.92 if we breakout this level
hold your hats. Ichimoku Cloud show all signs of farther advance
UUUU to $9.30 on breakoutUUUU broke out of consolidation today with a strong move off of the 50 day moving average. Target price on pattern measured move is $9.30. Failed breakout at $5.22, set stop.
$UUUU looks good from here - Energy FuelsMay soon pass the previous ATH from here. If I wouldn't already own a full core position in this stock, I would add some at this point. Maybe even considering a swing trade.
I think that UUUU is now in Markdown phaseI think that the labor market is now getting better, national mask mandates are lifting, sanctions on covid are lifting.
Mines are going to go back to work, more labor available, newer machines with grants and eco bills.
I think that the cost of UUUU will go Down, due to uranium supply re opening, and technical data. this will persist until maybe October in the winter months when energy is in high demand and labor is more expensive.
UUUU - Possible Strong Rise!After playing with volatility for a good amount of time, UUUU has finally entered a healthy rising channel!
UUUU ENERGY FUELS INCbreakout from a downtrend parallel channel.
Price hit the wall against FIB RET $6.34
It is just a matter of time before
we get to long term resistance line at $7.92
My LT UUUU Position PlanningUranium charts looking weak across the board, I want to take this opportunity to scalp my last trade for a 20% profit. Wait for the C wave to complete and build a double-sized position, closer to the 200D MA.
I may have to adjust going forward, based on the character of the correction, but a pullback this deep will certainly give plenty energy/base/new money to catapult through that red resistance.
UUUU with possible upsideOne to watch: $UUUU
It's held its $5.00 as a base for quite a while now, Stochastic is bullish, the 34 ema is acting as resistance; notice the several times the stock price touches that line the last few days. If $UUUU can break north of $5.72 with volume it could run at least short term! Another option to play here is the CAL OPTON. Current price for the $7.00 strike May 21 is $18, set limit buy at $15
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
UUUU long at supportReaching supply zone. tight stop. In up trend. chance of going lower, but playing the bullish bias.
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 - 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.
Energy Fuels $UUUU setting up for a breakoutEnergy Fuels $UUUU setting up for a breakout. I expect prices of around 7USD by end of march.
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
