Long UUUU after crazy selloff. It should bounce back.
Still bullish with lots of upside to go! Marc
Tried this count a few ways but still seeing this as an ending diagonal to complete the 5th wave. I would be interested to see other Elliott Wave counts from the community on this one. Cheers, Marc
Changed my count to an expanding diagonal, although fairly rare, i can't really see it any other way at the moment. Remember Wave 5 must be longer than Wave 3 but can under throw an not touch that upper trend line. Cheers, Marc
First trade in uranium personally as I see some potential for growth. My entry here was at 2.69 today. Stop Limit set below A as if it breaks this level it invalidates the triangle count. Good Risk to reward here, always manage your risk and set a stop loss it's the smart thing to do! Cheers, Marc
Uranium is my highest conviction idea and consumes a large portion of my book. This is the beginning of a longer-term bull market of 5 to 7 years, don't worry about the short term! ***DONT over leverage!
UUUU creating a nice 5 waves structure. Short term target $5.3. Next wave (wave 3 or C) should bring us to $9.
Highest time frame available for the Maxx Momentum (2 month) is squeezing with momentum up and significant increase in volume. Cyan are levels I would like to enter at and orange are targets. If the squeeze does fire long we could test the 2.0 at $22.
At bottom of triangle and 200D SMA. Looking for rebound.
Closed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only...
Energy stock watch: NYSE: UUUU Energy Fuels * Only domestic mining V2O5 (Vanadium oxide) as anther REE metal with good value in 2018 and high purity for electronics/mil. spec. 4M lb. 2018-2020 <$4/lb. Sept. 2016, >$22~23 Sept 2018 * Domestic US Ur miner getting US yellow cake orders, growing demand in volume & price, currently $27/lb. §232 Investigation ...
At the bottom of an ascending triangle. Also back down to the 50 SMA, which has been a key level of support for months. We still dont have a bullish confirmation on the Stoch, BB, MACD, and the RSI is not oversold, so wait for a bounce upwards to confirm reversal. Otherwise, this could be breaking down. From a FA perspective, UUUU is looking very strong. As the...
This uranium ETF has hit its multi year support again. Long on the next 3 day high $UUUU $UEC $CCJ
In spite of Trump or despite of trump. Momentum seems to be turning against UUU. Maybe there will be a better opportunity in the future, anything under 3.06 and next stop could be all the way down to 2.73 which is possibly a buying opportunity.
Not fully formed yet but looks very promsing. Love the volume building as well.