Are we there yet? Not sure. Got the make off a bullflag though. Falling wedge and a little o bearflag dropping her to 19.5 and see then….
Most bullflags have a waistline that’s midway between top and bottom rails so if you acan see the waistline, you can project a floor. Ccj is tricky but that’s my best guess for now.
Recent Uranium price increase has helped raise the PDN much more rapidly to 116% from 1st September (0.52c and touched $1.12 on 16th September)
However the recent sell off from 1.12 to 0.85c has formed the head and shoulders.
This leads to a potential short term opportunity to short the stock.
Today's close: 0.85c
Potential target: 0.535 to 0.485
Disclaimer:...
what do you think of CCJ by mid october..november-ish?
i think (for now) a continued down trend. not sure about 18 but...
seems my earlier prediction might come to forreston. ~link below~
what do you think of CCj by mid october, novemberish? i think (for now) continued down trend.
i charted this head and shoulder pattern before break out, link it below.
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new...
just some coloring.. could we sell our charts as arts? okay, kidding.
i like CCJ..check out the 9/17 calls 28 strike and the 10/15/21 28's (really anything between $20 and 32ish)
Price prediction. IMO. is bullish. Do i think this exact thing will happen? ..not at all.
i just wanted to draw but its making stops and hitting locations just like before. trade safe...
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!
PEN on the weekly looks like market structure could be making HH and HL's, has just hit the 100MA weekly average and could possibly bounce here for the next leg up.
PEN has been in a big prolonged downtrend for over 10 years, looks to be forming a bottom here and possibly starting new market structure as shown in the next chart. You can clearly see a huge increase in volume building and has now closed above the 20MA on the monthly chart. Uranium etf has had some big gains over the last few months helping to lift PEN.
Energy Fuels is the leading U.S. producer of uranium – the fuel for carbon- and emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating climate change and air pollution.
Energy Fuels is also a major U.S. producer of vanadium and...
Bullish engulfing forming with the last green candle absorbsing the last 3 candles.
-/ In order for the bullish engulfing to confirm, the next candle must be green.
-/ If not confirmed, price could test the 50 days MA, before accelerating.
-/ RSI and Stochastics are in positive territory and look good.
STRATEGIC PROJECT PORTFOLIO:
-/ 90% interest in flagship...
A resistance or support is like a door, the more you hit it, the highest chance it may break.
Goviex has a huge uranium deposit in Niger.
There is also some political risk as Niger defines political risk.
The stock could trade sideways for some time, but in the mid to long term I expect this stock to do well once uranium prices move higher.
Constructing a new mine is always a challenge, but under John Borshoff the odds increases heavily.
Despite the recent price run up, the stock price of Deep Yellow is poised to trade way higher as uranium spot price increases.
The Company expects to produce 2-5mio pounds of uranium during its first years, and is allocating its money in development and exploration...
May soon pass the previous ATH from here. If I wouldn't already own a full core position in this stock, I would add some at this point. Maybe even considering a swing trade.
BSK, which is a high beta play for anyone wishing to get exposure to uranium stocks, seems to lag the index.
While already been a stock offering a high risk-return tradeoff, this short-term lag offers a good opportunity to enter this market as, if the correlations persists, BSK should soon catch up with its peers.
Uranium stocks, hit by a decade long decline of uranium prices, are now strongly reversing like many other commodities.
While one can use Uranium ETFs to get a long exposure, I prefer junior companies (which offer a better risk-return trade-off in my opinion), such as $BSK.
*Disclaimer: I'm long BSK for more than a year
