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
TSX:U.U is showing an ascending triangle on the hourly that spans the past eight trading days. This is a simple trade with the stop loss below the swing low and the target at the height of the triangle. Gives us a 6.83% potential profit to 3.1% potential loss, a reward-risk ratio of 2.22. Of course that depends on whether the triangle breaks upwards in the first...
Looks like there is a gap to filled. A date with destiny. The green support should hold as we are extremely oversold.
Fission Uranium is owner of one of the premier uranium deposits in the world with Triple R. Fundamentally I think Fission will be a top performer in this bull market. For now though, Fission may return to test weekly support at $0.56 before continuing upward.
UUUU formed a nice looking ascending head and shoulders formation and we saw the neck line break on January 13th. The head and shoulders formation most commonly indicates a reversal, but in this case we could see similar price action as March through April of 2021. However, as the overall market has been performing poorly it is likely we see further downside to...
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...
URNM is ranging after moving out of the downward channel. The uranium thesis is extremely bullish. I expect this stock to be much higher by year's end. The current structure looks like it follow a similar path to the orange squiggly lines. Entry for a trade would be just below the New year open of $75.78.
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 %...
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
It doesn't have to be the situation in Kazakhstan that is causing uranium prices to rise. The media are currently raising the issue of nuclear energy in a positive context to renewable energy
Centrus Energy looks interesting here after its breakout from scallop formation. Currently one of my favorite charts in the uranium sector. #uranium $LEU
Uranium is poised for a move. Charts show demand is ramping up and supply is slow to catch it as world leaders slowly catch on to it's inevitable necessity. As long as commodities hold up, URA should stay on trend and begin to take it's next leg up from the bottom of the channel. Should prices break down, it could mean a plunge lower to the fib retracement...
Fission Uranium market structure has shifted and looks like the uranium market reversal is done. Close above $0.76 on the daily and we are looking at a return to $0.95 area.
the price bounced back two times from the 0.618 fib level; previous retrace was also around 28%; we will see one another 80% increase? if you are looking for a mid term trade, there is a 3 to 1 RRR; nuclear power is getting more attention; also the technology around it is getting better.
Watching real close right now at GP for a correction macd zero cross would be awesome.
At the risk of sounding like a bear I think we have come too far, which is why we have seen the sharp pullback of late, I regret that I didn't catch this bearish divergence as it was emerging but my focus was elsewhere... Let's imagine we have completed the first five waves from the 2020 bottom. That means that we are overdue a pullback that retraces a good...