EFR trade ideas
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.
UUUUlooks like we have about 2 more years of consolidation in the uranium space fam.
I plan to keep buying with my extra dinero and most of these stocks are penny status so just keep accumulating
UUUU Can Benefit Long Term LongThere are several stocks that are worth considering in this bottoming of the Uranium cycle. Some have better looking charts than others, and some have held up better than others. Yet, I've decided to go with $UUUU, even though it has not held up best thus far.
Technically, we may have just seen a capitulation-esque move, setting up the last best chance to get in. I was able to average in on January 31 for $1.41... (bringing my average entry to $1.71) but am posting this now at $1.68.
There is bullish divergence set up on this weekly chart with MACD and RSI printing a higher low, coinciding with the most recent low in price.
Also, see the yellow line for average volume, which has clearly ticked up since 2017 levels and the notable spike since June 2018.
This all looks very bullish to me long term.
I don't have a target in mind yet, but buying and holding unless and until there is a monthly close below $1.20.
Fundamentally, Energy Fuels (UUUU) not only can benefit from the long term resurgence of Uranium, but also is positioned to benefit from its Vanadium.
These prospects are increased all the more by the global push for the 'green' economy... regardless of the actual merits behind such push.
A recent short video from Francis Hunt is titled " Oil is Dying ".
Why fight the big money?
May this post be of use to you.
In God's Will
UIOGD - JMJ
UUUU / Head and shoulders - time to shrugSo this guy was staring at me.
He did not speak but told me a lot...
UUUU looks like .73 will be a good buy long term , so more pain b4 more pleasure with the uuuu, but seems like american uranium is going to lag due to tighter legislation, I am leaning more towards Global Atomic and Bannerman also Cameco ,& Fission as part of my portfolio. I will be starting this portfolio this year as I feel that bottom is almost in for this sector & 2020-2021 is the best time to accumulate for the mega bull in 2022-2030.
Triple bottom coming in UUUU?Dream trading/investment opportunity coming in $UUUU? We may end some extended C of flat soon & make a triple bottom at $1.29. RSI bullish divergences on ALL time frames. What are you doing on March 4 (earnings date)?
UUUU - Company on the brink of ...?They are either posed for further decline or rapid upward movement if US gov buys enough domestic Uranium from them.
Not trading, just looking now.
LONG UUUUExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
LONG UUUUExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
LONG UUUUExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
UUUU - A Levered Play on the Uranium MarketThe bear market of spot Uranium has dragged down the price of the subsequent uranium miner stocks, including UUUU . This stock in particular experienced a very steep mark down period during the time of the Fukushima reactor meltdown. This event left a bad taste in the mouth and as a result, many stepped away from using nuclear energy to the same extent to meet energy demand.
In 2016, we saw a 'base' establish for the stock right around $1.35. As the market structure stands, this is the bottom end of our accumulation range. The upper end of this range is at about $2.35.
Mid-2018, we saw a market expansion take place as price tested the upper end of our range, and surpass it. When price exceeded $2.35, a lot of attention and capital started to flow into the Uranium market, the market makers unloaded shares for about a year, then sent price back down into our accumulation range.
Today we are seeing a lot of choppiness, as bulls and bears battle it out.
Overall, I see a lot of room for growth in this sector, especially during a time of clean energy promotion. I believe nuclear energy will be the answer to the demand for clean energy.
I have a price target of $5.28 by 2022. An entry at $1.35 would give an incredible R/R of 3.94/0.0064. An upside of 400% and a downside of about 10% if market structure breaks.
Beware of the volatility, and search for a safe entry.
UUUU is for Uranium...Bombs N is for no survivorSend it bb. Bought in at 2.19 gonna ride this one up after retesting the channel it was in for a few months.
UUUU: HUGE SHORT OPPORTUNITYThis short allows for a very minimal possible loss, but huge possible gains. 4th wave is expected to end right at the bottom of the 1st wave, by end of 2019/early January 2020. I have January 7th as a possible target date to enter short. If UUUU pushes 2% higher than the count is invalidated and you should exit the short. If it drops at that 0.5 fib and doesn't go into wave 1 price territory than the count is valid. Expect the 5th wave to go to a minimum of 1.618 of Wave A. The blue box shows all price targets for the 5th wave. We could see an extended 5th wave meaning it could go down a lot further than that. Either way, expect large gains, just be aware of the 4th and 1st wave interaction after you enter the trade.
Watching for resistance at 2.46Watching for head and shoulders at support/resistance formed from tagging bottom wick of prior congestion area. Would be interested in right shoulder short not the head.
UUUU: Energy Fuels IncEnergy Fuels state they are "the No. 1 uranium producer in the U.S. with a market-leading portfolio" as well as being a recent vanadium producer.
Energy Fuels Inc., together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of conventional and in situ uranium recovery in the United States. The company owns and operates the Nichols Ranch uranium recovery facility located in Wyoming; the Alta Mesa project located in Texas; and the White Mesa Mill located in Utah. It also holds interests in uranium and uranium/vanadium properties and projects in various stages of exploration, permitting, and evaluation located in Utah, Wyoming, Arizona, New Mexico, and Colorado.
Energy Fuels owns two fully licensed and constructed ISR uranium facilities in the U.S, with a combined capacity of 3.5 million pounds of uranium per year.
$42.6 million of working capital, including $16.6 million in cash, $11.4 million in marketable securities, 485,000 pounds of finished uranium goods inventory, and 610,000 pounds of finished vanadium goods inventory.
The Company completed no uranium sales of any significance during the quarter and continues to add to uranium inventories.
On July 12, 2019, President Donald J. Trump issued a Presidential Memorandum pursuant to Section 232 of the Trade Expansion Act of 1962 (as amended), ordering the creation of the U.S. Nuclear Fuel Working Group (the "Working Group") to "examine the current state of domestic nuclear fuel production to reinvigorate the entire nuclear fuel supply chain, consistent with United States national security and nonproliferation goals." The Working Group has 90 days from July 12, 2019 to complete its recommendations to the President. The Company intends to continue supporting this initiative in Q3-2019 and believes it has the potential to result in actions that provide meaningful support to the U.S. uranium mining industry.
M timeframe BEAR
W timeframe break above BULL
D timeframe overextended overreaction BULL
RSI W timeframe oversold BULL
MACD W bears loosing momentum BULL
UX3Mo futures broken above TR line BULL
RRR more than favorable BULL
Nuclear reactors building in India, Russia, China
Japan considering running again nuclear reactors after Fukoshima
Kazahstan cutting supply due to mine amortization
Low prices have taken out non-economical uranium projects
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LONG UUUUExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
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 Uran bullishIs it time to buy some energy fuels? I am little bit hesitant because of possible strong resistances on SP500.
Bigger correction on US stocks market would complicate our long here
Next buying zone @2.55
