When you look at UUUU chart, historically, there were many double highs that been followed by a drop that reached the beginning point where the double-top's rise started from. Currently we are at a very close point of reaching our next resistance point. We expect UUUU to reach the resistance and then go for a cool-down.
In the early 2000s, the flooding of the McArthur River and Cigar Lake mines were immediate black swan catalysts that further accelerated the existing bull market into a mania moving uranium spot prices to a peak of $150/lb in 2007. The flight to commodities as an inflation hedge following the Great Recession served as an additional catalyst underpinning the...
Price did go below the support line but sits right above 50 DMA. Long Ichimoku green uptrend cloud and everything is above the cloud. So, far it looks good. Dropping below 50DMA would be a concern. I would not sell just add more if have dry powder left. Spot price keeps on climbing. Sudden spike in spot price can move an entire sector quiet rapidly. Stochastic...
2.91 LOOKING AT 5.45 TOP (88%)
Notes
1. I reader told me it's down 12% since last week's call. TRUE.
2. Please be aware that this is not gold or even silver, uranium stocks are among THE MOST VOLATILE SECURITIES.
3. 25% moves happen with regularity.
4. Any trade less than 6 month long should be considered speculative in nature.
5. Unlike URA, I did not...
DROP THIS MORNING IS JUST A HICCUP
Notes:
1. There should be a jump to 20.75 Tuesday morning, but Thursday at the latest
2. So? That puts the FIRST LEG to 26.25-28 7.50 AREA to top anywhere from FRIDAY TO NEXT TUESDAY.
3. Currently projected for FRIDAY AT 11:30 PM.
4. IF EARLY, TOP AT THURSDAY 1:30 PM.
5. CHARTS FOR UEC , NXE , DNN ALL SAY THE SAME THING.
6....
My ST UUUU trade is about to enter it's most bullish phase to the top of the megaphone channel (red inclining resistance) ...
Upon reaching this resistance it will have cleared any meaningful overhead resistance left from the bear market.
This phase will be an amazing ride for the short, medium and long term. You can see my position as shown, I would consider...
I am Uber bullish on #uranium sector. Looks like consolidation is over and we are ready for a new move. Technical looks very good, beside strong fundamentals for uranium and this particular company. Inside of megaphone pattern we are also seeing bullish formation. Price is hovering just above 50 DMA which is a bullish sign. new price target around $8.86 and we...
Buy Put 7, April 16
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live...
Fib extension from 9/17 low to 4/19 high we can see that UUUU has hit the 1.618 & getting close to the 2.618 I think the 3.618 gets tested around $10 B4 any larger pull back or correction occurs, then after the retest of the Triangle break out UUUU will break up to ATH's
Medium-term channel regained at the apex of a small pennant. Both the 1 and 10 day MAs are looking positive. Lowest risk entry in a while if you get a back-test of the yellow channel rail. Red trend is strong resistance for now.
It is early to state but I just found that Energy fuels(UUUU) could be in a bull flag. It could stay in it with retracement taking us back as low as 50% from the peak which would account for $3.48. If it was the case, then after breaking out to the upside potential price target would be around $11-$12. Taking into consideration uranium market condition it is not...
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...
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.
Just broke out of bull flag, 2, 3, 4-hr and daily MACD and RSI look good
Expecting to hit $5.00, retest prior 52-wk of $4.82 and then head north.. GL
Setting stop limit at 4.16
