Lets keep it simple! ish..
A few things to note about uranium...
One of the most over looked assets.
Most energy efficient source.
With crypto currency mining, and other increases in electricity use, will increase demand for alternative energy. (isn't that what everyone's striving for? alternative energy?)
Look at this beautiful chart, bouncing at the bottom around 11.50 respecting it for almost 3 years now. This is massive accumulation, which is also coming to the end of its wedge and 8 year downtrend. We will see action new years.
Also the WEEKLY has squeezed and fired long, technically confirmed with the positive momentum on the last week close.
The MONTHLY around 2016 was one of the only god mode buy signals in the history of URA, at 11.30ish bottom at that time. (Not the best indication, but its there to look at)
With all the low key news about uranium, trump supporting alternative energy, and a large amount of nuclear reactors being constructed, reopened and planned for, the signs are there.
Also the supply of uranium has been reduced drastically by the suppliers, to ultimately increase price and demand. Were floating at the "cost of production" price, which cant really go lower.
Im long term on URA, this is a 3 year minimum hold for me, ill be accumulating 11 to 13 area until a breakout or stop loss right under 10.
Happy trading, its never legal advice, I want everyone to win!
A few things to note about uranium...
One of the most over looked assets.
Most energy efficient source.
With crypto currency mining, and other increases in electricity use, will increase demand for alternative energy. (isn't that what everyone's striving for? alternative energy?)
Look at this beautiful chart, bouncing at the bottom around 11.50 respecting it for almost 3 years now. This is massive accumulation, which is also coming to the end of its wedge and 8 year downtrend. We will see action new years.
Also the WEEKLY has squeezed and fired long, technically confirmed with the positive momentum on the last week close.
The MONTHLY around 2016 was one of the only god mode buy signals in the history of URA, at 11.30ish bottom at that time. (Not the best indication, but its there to look at)
With all the low key news about uranium, trump supporting alternative energy, and a large amount of nuclear reactors being constructed, reopened and planned for, the signs are there.
Also the supply of uranium has been reduced drastically by the suppliers, to ultimately increase price and demand. Were floating at the "cost of production" price, which cant really go lower.
Im long term on URA, this is a 3 year minimum hold for me, ill be accumulating 11 to 13 area until a breakout or stop loss right under 10.
Happy trading, its never legal advice, I want everyone to win!
Trade active:
almost there!
Trade active:
barley scrapping my buy zone, but still looking for the 11.90 area before bounce.
Although it looks positive, with weekly squeezing bullish, daily undecided.
we have buy signals and momentum change. still going to be patient.
Although it looks positive, with weekly squeezing bullish, daily undecided.
we have buy signals and momentum change. still going to be patient.
Trade active:
could this be the last buy of the year? wedge is closing in!
Here is an updated chart with more visuals. Will wait until it reaches bottom of the wedge as charted before going long.
Be grateful if your just getting into this potential long trade, as there are people who have been buying for 3 years at these levels in the beginning of the wedge waiting for moments such as these.