DNN possible target price

Mar 24, 2021

Uranium sector is consolidating at this point and time and is gaining a momentum for a new move. Fundamentals are strong with 60 millions pounds deficit. DNN will be the largest and resource of U3O8 in the world. Smart move by scooping up physical metal from a market is just accelerating the inevitable. Bullish pennant is just another confirmation that it is ready for the next stage. Possible projection with overshoot price is around $2.7, and most likely will settle around $2-2.2. Also inside of the bullish pennant what appears to be is reverse head and shoulders. Market is ready to fire on all cylinders after JP announcing another 3T of Brrrrrrr money. Good luck

Mar 25, 2021

Note

RSI - is in an oversold zone.
MACD - not much selling pressure, which is a good sign. Green can cross over red when either spot price moves significantly or market turns green
STOCH - is in mid point. Most likely will play along with MACD
Considering that market is still under Red Army attack DNN is holding up fairly well, which is a good sign.