My last prediction held steady; we saw a breakout near when predicted (see related ideas). However, it met resistance at $1.32 and fell again, coupled with $CCJ announcing the reopening of Cigar Lake, which took the entire sector down a few percentage points. However, the lower-half of the triangle held strong. This brought forth a new pattern, which is...
Top of wave 5 of this move expected by the end of April
The Uranium ETF has sustained an uptrend since March 2020, with is rise resembling other bullish stock markets. Perhaps the most important development is the formation of the Golden Cross (MA50 crossing above the MA200) on the 1W time-frame. The 1W MA50 (blue trend-line) has been the Resistance throughout its multi-year downtrend. Can it now provide Support for a...
Uranium Sector is hot right now Keep an eye on it!
Energy Fuels $UUUU setting up for a breakout. I expect prices of around 7USD by end of march.
Breaking out of huge downtrend, testing the most important monthly for the 3rd time, 4th will break! Let's go!
I drew these trendlines about 2 weeks ago and since then the price action run like clockwork. Just used this to load up more on uranium-heavy bags. The white line is from multi-year falling wedge which was tested again and showed strong support. My actual price target is near ATH. I think we will miss the opportunity of CCJ below $20 soon. Uranium is similar to...
Uranium is set to move much higher according to this Ichimoku Cloud chart. The cloud has turned from red to green and the price @ $30.50 is hovering just outside of red cloud. Blue conversion line passed under yellow base line and is now outside of the red cloud. The most important confirmation is that Lagging Span is outside the green cloud as well. Looks like...
Today we have reached a critical point in uranium spot price $30.50 which a resistance line. When breakout takes place above this price 20 DMA will cross 50 DMA. 50 DMA will be ready to do a GOLDEN CROSS by passing 200 DMA. Cup and handle in formation. Everything pointing to a serious move in a spot price which will positively effect a share price for all of the...
Uranium sector is consolidating at this point and time and is gaining a momentum for a new move. Fundamentals are strong with 60 millions pounds deficit. DNN will be the largest and resource of U3O8 in the world. Smart move by scooping up physical metal from a market is just accelerating the inevitable. Bullish pennant is just another confirmation that it is...
CCJ had an incredible run in a short period of time with multiple pullbacks which developed bullish pennants along the way with new ATH. Currently in consolidation mode with another bullish pennant in process. Looks like we have landed on a support line today with massive sell off due to Red Army attacking the market crashing pretty much all sectors. New target...
Denison Mines is a uranium exploration & development company located in Toronto, Canada. They own 90% of the Wheeler River Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin region in northern Saskatchewan, Canada. They just raised $86.3m to buy physical uranium as an investment, which is tightening up the...
Bannerman Resources Limited (ASX:BMN) is an ASX and NSX listed exploration and development company with a 95% interest in the Etango Uranium Project in Namibia; a southern African country which is a premier mining jurisdiction. Bullish Outlook: - Bullflag Identified - Double Bottom off Daily Support - RSI above 50.00 level - MACD Bullish - Volume increasing over...
Spot price has reacted to DNN and UEC buying physical metal, currently @ $29.65. If stock price reacts to this tomorrow and we close in green candle above red open on daily then it is a very good sign. Also MACD is about to cross over from red to green.
Last monthly at 14.29$ wasn't properly retested yet, so to continue in this Bullrun I'd like to see this support claimed. Otherwise, I see a steep growth continuing up to the monthly at 33.81$ once spot uranium gets bought up. Beware of the green gap.
We broke the middle of the longterm downtrend channel with volume in December BUT left a gap at 0.090, so be careful of that. Besides the gap, we bounced perfectly on the 66 Fib retracement. Once we break the upper channel line of the downtrend and claim the upper line of the current channel, its fly time for Peninsula