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...
History says it will. I expect next years rate hike will lead to a rally in PM's and commodities, as it did back in early 2016.
MEDIUM / LONG TERM BUYING OPPORTUNITY WITH A STRONG STORY BEHIND !!! BUY AT CURRENT LEVEL AND ADD ON DIPS. MEDIUM/LONG TERM TARGET : $ 37.05 - $ 55.68 - $ 70.73 DAILY (D1) : Yesterday's price action triggered a potential double bottom formation in progress coupled with a RSI bullish divergence. In addition, the daily closing price (@24.30) is above the...
it is simple Denison Mines - invest accordingly. Strong support on a monthly chart
Keep things simple! On this line chart, you can see that PDN has already formed a beautiful bullish wedge pattern, which we could break now around 0.50 AUD - then up it goes!
Deeper than I had envisioned. upon reaching the previous golden pocket on the shortest uptrend, the price bounced back but was rejected at $4.5. so downtrend is extended.. now the price is already in the zone from where it could turn. we are low in the RSI and so the bulls may have the energy to move upwards again. - red bar is the next resistance. - blue bars are...
can Uranium finally start to heavily outperform oil / crude??
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...
Thought I would check my larger positions vs Cameco and a couple of the larger juniors over the last 12 months.. Conclusions DYL is trading same as Cameco, not like other juniors despite doubling its resources last 12 months the leverage to Cameco's moves in many others is massive.... Some CEO'S are so full of shit... I need to buy more DYL, VMY and LOT...
what will it be for the Dollar index? Short or Long? that the million dollar question. Taking the fundamentals and the economic status of the U.S into consideration, from my teams point of view we are seeing a rejection from in the near term. This is mostly fuelled by negative diverging momentum from the past 10 years. we can all agree that the U.S is not in...
Deep Yellow Uranium... Symmetrical triangle forming nicely here. Uranium market is currently experiencing a healthy bull pack. Once we bottom deep yellow will make its move.
Uranium Spot is respecting the arc with multiple touches across the last decade. At Present Uranium Spot has pushed through the supply demand Zone with is a very positive sign for the Uranium market bull case. There are two scenarios I see playing out over the coming months in relation to Spot. The Uranium spot prices will either follow Scenario A marked on the...
-Macro Inverse head and Shoulders -Consolidating on the daily TF -Uranium Spot above $40 -Sport buying Physical
Nicely progressing around the bullflag. A ffew shakes are fine. Don't expect it to drop below the belt again. Lessgo!
Looks like a bearish divergence forming for Uruanium. This is my exit point for now on an option trade I have open on URA...
- CCJ broke downward trend line - Hitting resistance at 2011 gap - If it breaks, we go straight to ~$38
If you're bullish on Uranium (I am ) , then URA is a great ETF to invest/ trade. Looks like a buy here to me regardless, nice volume shelf support and breakout retest before all time highs and blue skies Could I be wrong - Absolutely Will I be managing my risk - Absolutely $26.50 stop loss price (I'm trading the 31/36 Debit spreads)
$DNN $CCJ $UEC $UUUUU $URNM $UEX Nilce bullflag.- nearly through the traffic!