EFR trade ideas
UUUU on the up and upSeemingly more to come. Not to FOMO but this may be a possible option for when it's time to unload equities.
U for next weekSo I missed the boat by 1 day. But I did jump in on HCAC and Bitcoins.
There are a lot of moving trend and timing similarities. For U it can drop back to those lines of supports after this FOMO, which would be more securer to buy the dip.
Energy Fuels Cup and HandleLooking for bullish candlestick or bullish pin bar into the resistance zone for entry.
Energy FuelsThese baby Ux stocks are the best deal going at this moment. Especially since the Cameco pullback. Patience required!
UUUUSome famous FinTwit people have brought some attention to #uranium as of lately & also news came out rumoring KazProm will remain shut in until 2021 so I changed my TP from .70c which was that bottom TL to $1.30 as last dip ever on this stock. I hope to catch that dip.
EFRuranium, maybe some shortage from covid lockdowns. nice test at center of bolly, macd kiss. bit of indecision candles, dojis, the last 2 weeks. maybe she break
EFR (UUUU) exit levelsTSX:EFR or AMEX:UUUU are the same stock (the leading uranium mining and developing company in the USA).
Good news: they got a confirmed order of $150 million worth of government purchases of uranium.
Bad news: it will start in 2021
Don't want to wait until 2021 so have decided to exit from this stock for now and check it out in Nov-Dec 2019.
The exit levels are above. Set up my exit at $2.43
uuuuWaiting here on #UUUU #uranium #stock to take a big position, I think cigar lake closing down for $CCJ will be a catalyst going into 2021 and american #uranium companies will be well
positioned.
Techincal analysis on UUUUAMEX:UUUU
Pros: Price is above daily green ma. RSI just closed above oversold and stoch rsi is also looking good. Waiting to hear on news of how much funding it will get. Mind the gap down above so that's promising also.
Cons: Price under .236 fib and fighting weekly thick purple trend line.
Some chart info for those interested:
Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths
Green: EMA 10
Skinny Red: EMA 20
Thicker Red: EMA 26
Orange: EMA 50
Light Blue: EMA 100
Dark Blue: EMA 200
Skinny Black: EMA 250
Skinny Purple: EMA 300
Energy Fuels - Breakout & Pullback Confirmation?The latest test of the white line trendline following the mid-April breakout, suggests a confirmation pullback might be forming. Price needs to pick up for the breakout to sustain.
Bull Market for Uranium and Energy FuelsThink we see $2 sooner than later for $UUUU. Uranium stocks are exploding right now. I expect a continued uptrend into the summer.
UUUUI am currently considering where to place bids on this Uranium Giant. I expect the recovery will be quick once DJI hit 14,700 so who really knows what the actual bottom will be.
Probably will have a super fast long wick to some outlandish price. But for some reason I feel like bids around .40c will get filled. Welcome any help here Fam..
If you have a TP feel free to drop a chart here so I can check it out.
