Uranium looks ready to explode higher. This commodity had a daily chart breakout today and no one is talking about it. Silently triggering a bullish inverse head and shoulders, this should yield more upside. I'm looking for this breakout move to be confirmed in the coming days. If it confirms a breakout this will be a likely trade that we can buy the dip on.
I have identified 3 different types of similar variations in URNM and URA ETFS which show us that we could be in a cusp of a huge explosive move to the upside. These shakeout patterns are almost identical to each other with the same behavioural patterns before a big move to the upside. 2 humps which are almost like a H&S pattern followed by a huge flush down to...
CCJ leader of uranium. CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024. We are in the final flush out stage 7 before an explosive wave 8 up. The chart on the right shows...
UEC in the past several days has put in a double and bottom appears to be gaining bullish momentum based on the trend angle from today. The volatility indicator triggered buying price pressure five days ago as shown on the indicator and encirled. the volatility of yesterday and today may be shorts covering to close synergized with new buyers. The uranium...
UROY does royalties foe uranium mining ore to refined et cetera. On the 60 minute chart, it has been on fire this week picking up 30% in market cap showing explosive volumes at 5X and sustained. The past two days have been rest and recuperation in consolidation. The zero-lag MACD suggests there is more upside in the near term with a line cross under a...
UROY on a 15-minute chart with the volume profile and the EMA cloud as the indicators demonstrates a one-week-long swing trade. Both stock shares and inexpensive call contracts were traded. The stock trade profit was 30% over five trading days ( MLK Holiday ignored). Options dramatically more profit for the expiration of 1/19th. The analysis, setup and trade...
UEC is a uranium company somewhat independent of the oil, solar and lithium stocks that dominate the energy sector. Nuclear is touted as green and not contributory to climate change with no carbon impact. It pollution or radioactivity is self-contained and isolated with heavy regulatory safeguards All that said, a few days ago analysts at Eight Capital...
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...
URNM is an ETF tracking uranium miners. Uranium based nuclear energy is now hyped as a partial solution to the climate change crisis and the dependence on fossil fuels. My thesis is that miners will enjoy a resurgence in demand for uranium and with supply dependent on their work they will enjoy increased revenues and margins above relatively fixed overhead...
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.
Looks like a little more room to the downside. Before we will head much higher.
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
posting this up to see where it is in the future.... Uranium is bullish. Miners of Uranium should also show bullish activity.
UUUU ain't gonna make it over this resistance. Back to support before massive run.
NASDAQ:UROY On the daily chart UROY which is a uranium royalty play is at a three month long. Outlook is good when energy costs are rising and uraniums is widely considered more green than Oil, natural gas and other CO2 producing fuels. The RSI Oscillator is in mid-range. Within the past few days, a high spike of buying volume is noted. A Doji candle...
Uranium miners jumped over short-term resistance this morning (9 & 21 DSMAs). With strong volume at 11 am and support at 200 DSMA having held from two days ago, I'm looking for URA to maybe catch its breath at the 50 DSMA before pushing through and targeting 28 in September.
URNM/SPX making uranium equities look affordable if you're long.