looks good as a possible setup over $16.7. not financial advice
Denison is form an ascending, broadening wedge. We could see one last hooray to 2,5$ until a deeper short term correction is overdue. 2,5$ would be around 300% distance from the 200 MA.
Bullish on this stock having now acheived over 200% from initial entry I am letting this ride the USA Uranium and REE narratives as they bothe develop independently. I'll update with smaller levels of technical resistance as it progresses, has space to run free with pullbacks until 7.80 , once confidently above 8 we have a clear tun to 20 in sight, see channel...
Watching the gap below and the key fib level at 1.618 as key support for the next leg up. If the length that it took for wave 1 continues for a wave 3, we will see wave 5 around 9.5-10 dollars by the end of June or beginning of July
Uranium is in the early stages of building a bullish regime of volatility over a Tail duration. It currently already has that over a trend duration. You need to be taking full advantage of dips in this environment. Buy the damn dip.
Cameco under accumulation from 2016. U spot increasing should do very weel over next 5 year IMO
Previously caught the breakout, nailed the 100% gain, will push for another 50% to top of the channel. REE and Uranium producer, good LT hold as well for green energy/commodity boom.
I have been waiting for a clear signal from the uranium industry for a while now, and it's hard to ask for a better set-up than what we are seeing on Nexgen. First we have a capitulation zone (red square) and then a bar close inside the range. Then we have a break out to the upside from the channel, followed by a successful retracement and new highs. Holding this...
CCJ (Cameco) looks very attractive at this price point. With a green close today, CCJ could keep climbing until the psychological $15 level. Cameco may perform very well in 2021.
Simple bullish trend channel has emerged the last two years. Supply is hurting, covid 19 has made it worse. First time since 1970 both parties in the USA is pro nuclear. 50-60 dollar uranium is needed to make new mining economical. 12% of world energy is nucelar. Small downside big uppside, miners and other stocks is a asymetrical way to play the 50-60 dollar price range.
Will see if this holds but it does check some boxes for me except the most important -> bullish confirmation. not financial advice
Stock is close to finishing a retracement of its recent run-up. Fib retracement of 0.5 is $11.91 and trend support around $11.91 and 50dma at $12.06. With good support likely at those levels and a fib extension >$15.63 creates a good asymmetric entry in the low $12 range.
AUD on the rise with commodities turning up in a new green economy. Uranium is going to shine. The path is altered from the last time PDN broke through the equivalent fib channel levels, remarkably similar trajectory, so I just altered the pullbacks to better respect these levels as we are breaking out at a slightly higher price level. I expect this to be one of...
Last month breakout of the multi-year base since 2015, retraced 0.382 today and bounce off immediately -- expect 🚀 in following months
perhaps at this level ($3.55) you can add on
A lot of uranium small caps are looking like this pattern. Should be more confirmation of the strong bull commodities run.
Working sideways and building out a text book rectangle that might start to slant downwards into a flag. Measured move will put this up into the $6.20-$6.40 range. Volume is declining and MACD has crossed under. RSI is also back under 70. Consolidation target for a drop out of this zone would be $3.50-$3.60 which intersects with the kijun, cloud, and volume...