Bullish engulfing forming with the last green candle absorbsing the last 3 candles. -/ In order for the bullish engulfing to confirm, the next candle must be green. -/ If not confirmed, price could test the 50 days MA, before accelerating. -/ RSI and Stochastics are in positive territory and look good.
STRATEGIC PROJECT PORTFOLIO: -/ 90% interest in flagship Wheeler River project – largest undeveloped uranium project in infrastructure rich eastern Athabasca Basin, with the potential to be a “top 5” producing mine -/ 22.5% interest in operating McClean Lake Uranium Mill – 6M lbs U3O8 excess licensed capacity, currently producing +12% of global uranium production -/ Additional leverage to the uranium price with interests in existing uranium resources at McClean Lake, Midwest, and Waterbury Lake -/ ~280,000 hectares of prospective exploration ground in the Athabasca Basin -/ Internal sources of cash flow from management of Uranium Participation Corp. (TSX-U), and Denison's Closed Mines Services, minimizing dilution to existing shareholders
FLAGSHIP WHEELER RIVER PROJECT: -/Largest undeveloped uranium project in infrastructure rich eastern Athabasca Basin, including an estimated 132M lbs U3O8 in Indicated resources plus 3M lbs U3O8 in Inferred resources. -/ Low estimated operating costs, with lowest estimate of initial CAPEX required to build amongst Athabasca Basin development projects(1) -/Existing infrastructure supporting mining operations in proximity to Wheeler River – including 4 licensed uranium mines, 3 licensed uranium mills, and access to the provincial power grid and highway network – reduces development risk profile
Following DNN, thank you for the insight... I see the big break in next 10 business days..
Lahbabi
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@rmondragon, The bullish engulfing was confirmed Monday, breaking the resistance. We saw a small pullback on the support yesterday and it rebounded well today. If we can finish the week at $1.5 and get a green candle next Monday then this will look poised to run !!