The second largest mining company in the world has one of the best looking charts out here when it comes to commodities. Price is currently breaking up and out of a pennant pattern, and lower indicators show that trend and momentum behind price support the move higher. Train is leaving the station soon, load up now and add more at each stop.
Solar, wind and hydro are not practical replacements for fossil fuels. Nuclear is, and U308 price is starting to reflect the sentiment shift toward the cleanest of green energies. The Fukushima incident created a selloff in uranium for nearly a decade, but the trend has since reversed. Uranium price has been in a healthy uptrend which began in 2021 with price...
Lower TF trade, trading above the "Range high" marked on the chart. Came back into range to take stops, shake out longs and fill the gap. Back above 6.80 is trigger to get long for me, Target marked on the chart. back below 6.40 is cut and run time.
URNM looking good. Alot of tightening for YEARS. This means volatility is probably on the way. On top of that it is a relatively untouched narrative with a powerful idea in nuclear energy behind the markets. Currently at a great position for buys.
Risk to reward will look quite good. and 40$ should be achieved. After the breakout (the red dotted line)
Uranium miners ETF on the Weekly chart Massive bull flag, patience should be rewarded - retracement of an impulse wave -waiting for triangle break out -countries moving back into nuclear power None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and...
Uranium has been consolidating for a while now. It has been going back and forth between HKEX:19 - HKEX:23 range. First TP is the white horizontal line at $21.4 and the second TP is at $23.22
Looks like a little more room to the downside. Before we will head much higher.
there might be a little more room to the downside, before we continue with wave 2
Nearing the resolution. Could be the low. but.. It might as well retest point E (wave 4)
Confirmations: - Double bottom - Rising OBV - Rising trend lines - Extremely low Put/Call Open Interest Ratio for 5/19/23: Put Open Interest Total 1,368 Call Open Interest Total 5,718 Put/Call Open Interest Ratio 0.24
Looking for a push above monthly open and acceptance. "Range low" has to hold for this trade to work out. Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2 Worry about target 2 if we hold the first Blue box. Yellow highlighter indicates liquidity and stops that have now been wiped out. Recent news...
I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does. $UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so. First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support. Then longer term over the...
We had a small gap that just filled so now is time to look at this as a viable trade. A lot of geopolitical reasons to think Uranium will be in demand, like it or not. seekingalpha.com Uranium Royalty Corp is focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity in...
Early at morning Hen nicely filled its Crop with some CCJ, followed by stable intake from feeder. This is not best outcome of this trend but at least we didn't ended crapped on the ground.
After some reserach time, we can confirm that CCJ entered heen feeding trend.
the bull market turn around in uranium has made the news, and outlasted a broader energy sector comeback. technicals are threatening a reversal bac to bears, and the monthly-quarterly view is making a breakdown. if we maintain these resistances then i am betting on a massive short play in uranium in a 5 year daterange. short urnm and long ery on breakouts on down...
The red uptrend should hold to send it to higher to clear the golden resistance and get to new highs.