Global X Uranium ETF ( AMEX:URA ) Sector: Miscellaneous (Investments Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $21.60 Breakout Price: $21.80 Buy Zone (Top/Bottom Range): $21.45-$19.85 Price Target: $22.80-$23.20 (1st), $25.90-$26.50 (2nd) Estimated Duration to Target: 30-32d (1st), 99-106d (2nd) Contract of Interest: $URA 9/16/22 22c,...
A great swing idea in a major uranium player. At major support. Looking to for a push higher once the squeeze fires.
What the market is presenting: Neckline kiss setup Daily view shows one year distribution pattern Weekly view shows massive double top pattern You don't need to know what's going to happen next to make money ~Mark Douglas Anything can happen ~Mark Douglas
Hello traders and investors, today we will talk about Uranium in which we see pretty nice and clean bullish development from Elliott wave perspective. Uranium made strong and impulsive rally from March 2020 lows, clearly within a five-wave cycle which suggests a bullish reversal at least in three waves A/1-B/2-C/3. After a completed five-wave cycle into wave A/1...
5-wave up impulse is done. Now WXY correction. Green box is a good buy zone. This set up is invalid if price drops below $6. Overall I’m bullish on #uranium.
Symmetrical wedge on the monthly chart with large bias to the upside. All VWAPs and EMA clouds are underneath price, creating a great probability to push price to the upside in a big way. Current April candle is forming a bullish hammer as well (same with prior in March). Only drawback I see currently is the RSI has less room to the upside to realistically move....
Cameco Corporation (NYSE:CCJ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 11.562B Current Price: $29.03 Breakout price: $30.00 Buy Zone (Top/Bottom Range): $27.10-$24.65 Price Target: $34.80-$36.00 (3rd) Estimated Duration to Target: 150-160d (3rd) Contract of Interest: $CCJ 9/16/22 35c Trade price as of publish date: $2.55/contract
atom fib extension maybe?? uranium possible road!!!
looks like my Z wave is playing out for the UUUU here, to understand WXYXZ pattern is to know that a series of 3-3-3-3-3 wave patterns have evolved and they are sideways in the chart not compressed into a triangle which would rule the 3 wave pattern as an ABCDE. Now looking at the stoch RSI and also the standard RSI we can see they are both dropping from over...
I like the idea of going long CCJ April 26 calls or a 26/28 debit spread with more time. Uranium bulls have defended the trendline support and nice volume with technical indicators and moving averages implying more upside on a strong day already today. Stop is below 20 day moving average (black line).
Cameco Corporation ( NYSE:CCJ ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 9.085B Current Price: $22.81 Breakout price: $22.95 Buy Zone (Top/Bottom Range): $22.10-$20.55 Price Target: $26.40-$26.90 (1st), $28.30-$29.00 (2nd) Estimated Duration to Target: 46-48d (1st), 90-93d (2nd) Contract of Interest: $CCJ 4/14/22 24c. $CCJ...
Over the past two years, the uranium sector has been experiencing a deficit on the supply side which led to a surge of more than 300% in the price of Global X Uranium ETF. The situation was even further exacerbated when in January 2022 Kazakhstan, world's largest producer, saw civil unrest spreading across the country. We foresee the deficit in the uranium market...
oil money rotated into natgas and we saw some massive gains this week. 2000% on our UNG calls. everyone is ignoring uranium just like they did natural gas. this whole russia debacle is about ENERGY not oil. if it costs more to produce electricity via natural gas , uranium will become more profitable as its at these lows. simple supply and demand
first oil then nat gas... then i thot utilities??? just because the cost goes up doesnt mean the price goes up.... if x cost 20 to power normally and now costs 30, how much does z cost to power when costing 20 normally but now cost 15... simple example for uranium.... nucLEAR is our friend
Millions of premium in calls flying around today, specifically a big buyer of a March 24/26 debit spread $CCJ I like the technicals as chart is supporting the upward trendline. Want to see a move at least up towards the AVWAP with follow through. I'm long March 24 calls ... Naked ... when uranium moves it MOVES. Idea to trade to the AVWAP then move stop...
Count on URA looks like 5 up followed by an irregular top which in EW terms means that after 5up impulsive waves complete the correction ensues but wave A falls short to correct the prior impulsive move then the B wave over shoots the top of wave 5 in an irregular top, the C wave that follows should be 5 down and make up for the A wave which was small in %...
I haven't done one of these in quite some time, but thought I'd do one over this long holiday weekend. Earnings: I looked at a number of these for next week (there are quite a few) and have culled things down to the most liquid options underlyings, ideally with implied volatility rank >70% and 30-day greater than 50%. Only NFLX really fits that bill, even...
Cameco has a had a nice run and see a potential of further correction here on how its setting up under 24.5 looking for ~14-17 for a c bottom not financial advice