UUUU LONG. Uranium Exploding higher with Worldwide Energy Needs

I am a bit late to the party on this one. But UUUU has a prior ATH of over $200. MONTHLY chart is starting what appears to be a strong uptrend. Weekly , Daily charts already look strong as well. Recent bounce off TL support (Yellow Line) which happens to also be Horizontal support (Green Line). Long Wick on yesterday's candle and todays break above Horizontal support and yesterday's high of the day are further BUY signals. MACD Rising and above ZERO line. Add to this all the worldwide energy needs and Fundamental reasons for Uranium to skyrocket soon and this trade feels like a no brainer. usually I try to catch the trend a bit earlier but this is definitely a good LOW RISK Trade. Entry will be LIMIT Order @ $8.41. We will see if we fill at better price. If it does not fill within 1st 10 min of trading then I will plan on entering in at the then current price @ 0940 AM.

Entry = $8.41...???
SL = $7.28
1st TP = $11. Will reeval TP levels as price action evolves.

Trade active:

ENTRY at today OPEN $7.82. So far trade is profitable.

Trade active:

Sorry looked at my chart incorrectly. ENTRY shortly after today's OPEN. LONG @ $8.41 not $7.82. So far trade is profitable.

Trade active:

Love it when a plan come together. Still holding

Trade active:

UP 21% so far. Today's candle looks somewhat like a hammer top. May see a bit of retracement next few days. If so I will look to ADD to Position.

Comment:

Price to $10.99 today. Doing well on this trade. Will keep everything the same until I can reevaluate the trade later today after hours.

Comment:

We have broken above Horizontal resistance and TL resistance on todays price action. Thats is STRONG movement. Would expect a retest of this level as it turns to support. Expect price to pause at the $10.74 - $10.99 zone before going higher toward $13.

Raising SL to break even @ $8.41

See Daily Chart below.

Comment:

Todays price action was as I described and predicted on yesterday's post. I would expect tomorrow to be more of the same. Probable pause here for a bit before another leg higher.

Comment:

Checkout my SHORT on AMD

Comment:

Price has advanced quite quickly here. I would expect a bit of a drop or at least a pause. I have a BUY order at $8.84 but doubt it will fill. If we get a shake out of weak LONG hands it will fill. If not I will look for another place to ADD when we consolidate a bit more. For now I am bargain hunting.

Comment:

Looks like price action is quite STRONG. We have broken above TL resistance to another channel and above HOrizontal support at $10.74 today. (see chart below).

Will see if we continue to hold this as support and consolidate or if we had a false breakout to then retest lower support zone at $8.82 area. BUY Limit still at $8.81

No Changes.

Trade active:

No Changes today. Significant pullback today but both Yellow Arrows are still in play on the chart I posted Nov 11 (see chart below). Could be forming BULL FLag or retrace to lower support around $8.82 area.

Patience,...to see what opportunities the market gives us.

Trade active:

This trade is playing out EXACTLY as planned and expected. On 11-8 I said price should pause at $10.74 - $10.99 level then pullback to support. We have begun our pull back.

ADD to Position BUY LIMIT Order placed @ $9.14.

Comment:

Looks like we may get to my BUY Limit Order. We appear to be following lower yellow line on the chart posted on 11-16-21

Comment:

LOW of the day was $9.12 and my BUY Limit Order at $9.14 filled.

Comment:

Looks like we will test lower support and EMA 39 at $8.82. Staying LONG here.

Comment:

Good bounce today. Now need more follow through.

Comment:

Entire market took a dump today. We retested support and will hoepfully bounce agian next week.

No Changes

Comment:

Bounced today as expected. Need more foloow through to break the recent downtrend channel. Hopefully we will see that soon. We are bouncing off support so need to stay with the trade.

Trade closed: stop reached:

Got stopped out as we bounced at my entry price of $8.41. The bulk of my trade was a breakeven but I did have a small loss on the ADD to Positions. I am considering reenetering this trade as I think I set my SL a bit too tight not wanting to turn a winner into loser. Well I will try to update if I reenter.