URA is bounce of a 4th bottom on the weekly at that price line. Long via uranium related companies. Could be a new trend starting with fundamental aspect of decreased output of uramium in Kazakhstan.
Harmonic bullish bat pattern in uranium price recently. Plus 10 year GANN cycle completed on June 30, 2017 exactly 10 years from the previous peak at June 30, 2007. So a harmonic bullish BAT pattern and a 10 year GANN (the greatest trader who ever lived ) cycle on June 30th ? I will take those odds any day. I am no expert in GANN, but these confluence of...
URRE seems bouncing after the previous drop. I'm looking for a potential wave up to fill the gap then a shorting opportunity if you see a strong rejection in that level.
Shall we go ahead over MA200? Think so. Looking good for the long run.
Uranium Resources Inc. , a Colorado company which specializes in mining a key element necessary to make many nuclear warheads, rose 19.27% in Thursday afternoon trading to $1.30 a share after Donald Trump tweeted the U.S. should expand its nuclear capability.
Potential support around $8 but below that looking at 2002 lows at $2.65
CCJ retesting triangle break out. Positive divergence exists here as well as in most of the uranium stocks and can be seen by a mile. Sector is so depressed the last few years that sentiment is touching the floors. Good R/R for long term positions. Cheers, Panos