Planet EV has many moons like Jupiter. URANIUM, the second biggest one...
The Uranium Miners ETF has now reached the level where we expect the top of the magenta wave (b). Based on this development, we expect the wave to end and transition to significant declines, which should go below $24 and end the turquoise wave 2. If, contrary to our scenario, we see a rise above the resistance at $41.23, our alternative would activate with a...
Performance comparison between Global X Uranium ETF versus U308 Futures. One of many Momentum Indicators out there that track Bullish movements in Uranium Sector. Uranium stocks haven't always been closely-correlated to Futures due to their "risk-on" nature...so when stocks start outperforming when Futures + other confluences are also rallying.. You might have...
If we head higher from these levels, and if we continue upwards, like many other uranium plays at the moment...we could reach a 10:1 RR Fib-Extension 1.618 is pointing towards 10 $ High Risk High Reward?
Centruy Energy looks quite goot at this level. Lets look at the longer timeframe. Stoch RSI looks to turn up. We are breaking throught the 36M SMA and 12M SMA, as it seems. Momentum has been reset in addition. A more convervative view would be the monthly resistance Zone with around 195% upside. 300% sounds unrealistic? - The company was valued the same 2013,...
Lets look at the longer timeframe. Stoch RSI looks to turn up. We are breaking throught the 36M SMA and 12M SMA, as it seems. Momentum has been reset in addition. 300% sounds unrealistic? - The company was valued the same 2011, that`s why we have a confluence of resistance in this area in addition. One of the Uranium instruments that look quite attractive at...
Hi Guys! This is a Technical Analysis on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe. We are currently in the process of BREAKING OUT of the Major Resistance Trend that started from November 2021. Just KEEP in MIND -> The candle closes end of the trading week. So if end of week we are still ABOVE the resistance line thats 50% of the work done for...
Yellow Cake has broken its triangle formation which began in April 2022. There has been a retest at 398 although it is experiencing resistance at 448. The triangle formation in an uptrend is bullish. However, volume is low and, as a result, the breakout is weak. NOTE: This post if for education only and not a solicitation to buy, sell or hold. Do your own...
Looking For run into the Mid range into blue box, Resistance turned into support and also a macro Swing Low Sweep which adds confluence.
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.
Upward trending channel. Sanctions against Russian Uranium miners and increasing demand can drive this one higer
The uranium spot price and mining equities have experienced a significant run since the pandemic lows-- largely due to SPUT purchasing from the spot market, panic buying by utilities at the beginning of Russia's invasion of Ukraine, and the prospect of Japanese restarts. But the days of going up multiple times over seem to be over: the spot price has been drifting...
it might cool off next year, i wouldn't suggest investing in uranium and thinking its a long term growth opportunity. stick to facebook, amazon, bitcoin, or google
appears to be in the 5th wave on the daily TF. The 5 up sequence looks good as I measured with a fib extension & have a clean W3 top around the 1.618%. Now run to the top of the expansion channel and test the 2.618% level for a wave 5.
The bulls have come out of hiding, and have started beating their chest again, calling for new highs-- but the chart says otherwise. While I know there's a lot of fundamental news that makes people want to think the Uranium sector is going higher, the chart doesn't line up with the fundamental narrative. Just like it didn't when I called for the price to drop back...
Looks like Uranium starting a bull market soon, 5th wave can hit by spring 2023. UUUU has potential to hit $21 plus.
(This is a technofundamental idea. I assume familiarity with the uranium market fundamentals). We can see a breakout from a large wedge pattern, going back as far as 2007. The recent pullback looks like a backtest of the wedge. A low risk entry point in my book, if you're looking to position into the uranium market.
A great swing idea in a major uranium player. At major support. Looking to for a push higher once the squeeze fires.