Expecting a small range getting built here. 7.43$ Monthly and the whole area is a HUGE resistance. Once broken, strap on your seatbelts
One of the most technically pleasing charts that I've seen, with a wave 2 and 4 on .618 retracements and on track to hit the 2.618 fib level as a wave 5. Long term this whole sector is going to explode, and although I added a position on an already extended position, uranium spot price added 21% year to date to it's value.
Retested the .618 on the monthly chart. I assume several hundred percent gain from here.
I’m long on Uranium. Imma wait for a small consolidation before I buy more. When it drops a bit and then turns up, that’s when I’ll buy ~
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 2.69 USD
With current 60 million pounds annual deficit production price has to move up North substantially. From technical point of view Stach and MACD indicators pointing that price will start moving starting this week. Movinng averages are pointing down at this point but that could change with price moving towards $30 range and above.
want to stay above 15.4. think good risk reward here. not financial advice
URNM is a uranium pure-play etf, thus tracks the movement of Uranium-related equities around the world regardless of size and is a great proxy for the market movement in aggregate.
It is early to state but I just found that Energy fuels(UUUU) could be in a bull flag. It could stay in it with retracement taking us back as low as 50% from the peak which would account for $3.48. If it was the case, then after breaking out to the upside potential price target would be around $11-$12. Taking into consideration uranium market condition it is not...
Trend reversal developing, like most of uranium sector.
I like its volume and position. We will see a long term rise on Uranium price.
A breakout of the bullish pennant would trigger a SCOTCHstocks target range for AMEX:URG of $1.80 - $1.96. Everything shared here is my own opinion and no results are guaranteed. Good luck!
This company has begun its drilling in a uranium rich region in northern Saskatchewan Canada. The neighbouring explorers found Uranium on the same geological structures. These companies stocks went up 10-20X after releasing the discovery. Uranium is in hot demand right now on the lowlow. Life changing money here if they get good results.
CCJ very strong company fundamentally with very strong assets. Uranium bullmarket started this year and will continue for the next decade as electricity will be in high demand. Nuclear energy will be inevitable. CCJ is the worlds biggest publicly traded uranium company. PT shortterm $35-37 PT longterm $60-100> depends on agression of uranium bullmarket.. ~slippe