EFR trade ideas
Energy Fuels ranging, Breakout 7.43$Expecting a small range getting built here.
7.43$ Monthly and the whole area is a HUGE resistance.
Once broken, strap on your seatbelts
UUUUFib extension from 9/17 low to 4/19 high we can see that UUUU has hit the 1.618 & getting close to the 2.618 I think the 3.618 gets tested around $10 B4 any larger pull back or correction occurs, then after the retest of the Triangle break out UUUU will break up to ATH's
UUUU Back in The GAMEMedium-term channel regained at the apex of a small pennant. Both the 1 and 10 day MAs are looking positive. Lowest risk entry in a while if you get a back-test of the yellow channel rail. Red trend is strong resistance for now.
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-$12. Taking into consideration uranium market condition it is not that far-fetched.
Energy Fuels 4.50$ by EOY?!?!$UUUU
$UUUU Might be ready to push to the Monthly at 4.50$ before EOY. If it does, it will likely range a bit between the Monthly and the Weekly below.
#EnergyFuels #UUUU
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 Long UraniumWatching the gap below and the key fib level at 1.618 as key support for the next leg up.
If the length that it took for wave 1 continues for a wave 3, we will see wave 5 around 9.5-10 dollars by the end of June or beginning of July
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.
UUUU Trade IdeaPreviously caught the breakout, nailed the 100% gain, will push for another 50% to top of the channel.
REE and Uranium producer, good LT hold as well for green energy/commodity boom.
UUUU:NYSE - ENERGY FUELS INC - Uranium running hardUranium stocks got a big boost this month with Trump announcing the development of a strategic reserve. Has had a big pullback over the last couple of days so keep an eye on it for a bounce. Trailing buy could be a good way to pay it if interested.
UUUU about to break outStrong consolidation leading to a breakout that will test 4.82 all-time highs.
$UUUU Uranium Long to 9, 35 EOYUranium and Metals will rise. US-China tensions will not go away with Biden, in fact only grow. This is the path we are on.
PTs 9, 22, 35
Energy Fuels - Massive UpsideJust broke out of bull flag, 2, 3, 4-hr and daily MACD and RSI look good
Expecting to hit $5.00, retest prior 52-wk of $4.82 and then head north.. GL
Setting stop limit at 4.16
☢️ UUUU launch soon?Last month breakout of the multi-year base since 2015, retraced 0.382 today and bounce off immediately -- expect 🚀 in following months
Good example of 'getting out on the bounce'I admit I held onto UUUU way too long - total fail. I had planned to get out on the first bounce after the announcement at the end of Dec. that UUUU was devaluing by issuing additional shares. I did not prepare and the bounce occurred without me. Another post here noted that more than 10% loss is increasingly difficult to recover. Certainly true on this one. I think at this point, there are many people sweeping this one off their desk. I'll be out on the next bounce (if it does occur) and just take the additional lumps with me.
Energy Fuels retracement targetI'm eyeing $3.50-$3.60 for support here. Conjunction of daily Kijun and VPVR volume defined support AND lines up neatly with a fib retracement zone.
Bullish longterm on this company.
Energy Fuels continues to build out the flag/rectangleWorking sideways and building out a text book rectangle that might start to slant downwards into a flag. Measured move will put this up into the $6.20-$6.40 range. Volume is declining and MACD has crossed under. RSI is also back under 70.
Consolidation target for a drop out of this zone would be $3.50-$3.60 which intersects with the kijun, cloud, and volume defined support. Great buy opportunity if it happens or wicks down.
