SOKAKIARISChrisbar

SOKAKIARISChrisbar

Denison Mines Corp. presents a long-term technical picture where it appears to be forming a "rounded bottom" pattern, which is a positive indicator for a possible upward movement in the future. This pattern refers to a long-term base formed after a long-term decline, followed by stabilization and future growth. Points of Interest: Resistance Area : The area...

SOKAKIARISChrisbar

Cup and Handle Formation: The chart clearly displays a rounded "cup" pattern from November 2023 to around September 2024. The "handle" appears to have formed in late September and early October 2024. This formation is a bullish signal, often indicating a continuation of the upward trend if the price breaks out above the handle. Key Resistance and Support...

SOKAKIARISChrisbar

Analysis: Cup and Handle Formation: The chart displays a rounded formation resembling a cup, starting around mid-2017 and completing in mid-2023. The "handle" seems to be forming in 2024. This pattern is common in technical analysis and can signal a continuation of the upward trend if the handle breaks out to the upside. Key Levels: There’s a marked resistance...