Shout out to Elliott with the wave.
We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
Little Key Points:
RSI is oversold with bullish trend
Selling volume/pressure decreasing
Company is pioneer in renewable source of energy and might get new project as trend is changing.
Bitcoin mining via solar power is the thing these days. That might push the price more up.
Economy recovery, new investment coming up
Price is sitting above...
Price bounced back after Monthly RSI hit bottom & Daily price formed a strong Bull Div. (Yellow indicators)
A push above Monthly Resistance 1 would bring price into it's new consolidation channel where MR2 represents the top.
Price has been holding in the upper range of its current channel despite daily declining volume.
if price fails to break MR1 confidently,...
Bearish currently with lack of volume. Currently bouncing between support and resistance. Stay out of the chop and buy the break out. As this is the largest mine in North America the price will grow in time but short time plays are within reach as it grows. Long term potential is amazing!
DNN Denison Mines will be included in the S&P/TSX Composite Index – the headline index for the Canadian equity market – on Monday March 22, 2021.
Its rival, Uranium Energy Corp. (UEC), was already 19$ up yesterday!
Uranium companies have separately announced plans to make strategic purchases of physical uranium. Denison is aiming to buy about 2.5 million pounds...
The stock almost bottomed up and have huge potential.
The stock might perform great due to :
- The cinema complex are open.
- Vaccination is out and government plan to vaccinate everyone by June.
- There is no reason why someone won't go to CINEMA in summer.
- Trend is favorable
Consider it as good buy , I am setting 2 target for myself and will re-enter after...
-Fibonacci: Broke upward on the pullback above the resistance in the flag.
-MACD starting its cross
-Stochastic RSI momentum going up
-Elliot Wave impulse.
-Real Bullish Candle
0.70 Low Target
0.95+ Blue Sky Target
First time posting analysis... Feel pretty good about its projection.
See what today brings.
$BKMT TSXV / $BKLIF OTC ~ 2 Catalysts in play, Cup & Handle + Golden Cross. Chart is extremely BULLISH
Its a pressure cooker now with volume already coming in. Price is going to go parabolic. 3,4,5X?? Its a mining blockchain stock. Anything can happen!