A wild Dugtrio appeared! No matter how hard the ground is, it can dig up to 62 miles below the surface.
Denison Mines $DNN looks particularly good within the Uranium space. Stock has already broken above downtrend resistance, and broke out from a little base recently. Stock is trading above its 10, 20, 50 and 200 day moving averages, all which had converged recently.
DNN has been trading in a Wycoff Distribution structure for well over a year now with declining volume. Shooting Star off the 20W MA followed with bearish continuation should lead to markdown.
We can see Cabbage stash formation at DNN. The future is dependent of strenght of the Racoon.
Gas cut off to Europe and sky high electricity means uranium is the ONLY option. Plus, despite Fukushima, Japan is building 4 nuclear plants.
Sea lion is sitting at the the beach an patiently waiting for the incoming fish. Fish looks big and tasty, so it should fill his stomach. Now we have to wait if we exit Sea lion through his backbone line or he will just crap us down to the beach.
IDK still thinking DNN pushes to $2.14 ish b4 an ABC bullish correction and tests the orange U308 futures line. But If U futures dump here then DNN could meet the confluence at lower levels. My bullish bias is supported by the fact that wave 5 seems to be still underway on the daily. Also Weekly & monthly charts still bullish tilt. & also DNN sitting on mid...
Yes, Uranium is the next big asymmetric bet. The next big thing. Reallocate to this new thing. 1-2 Years --> 3x to 10x possible.
$DNN - Uranium is the few industry group that you would probably find RS over the last 2 wks of market weakness. $UEC and $NXE have already taken off yesterday from their pivot levels. $DNN currently sits on its VWAP support from last ER, beneath a major pivot. ATR/$ at 7.17%
I doubt this set up is going down. With current uranium deficit and recent Russian uranium ban DNN is ready to explode
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I have longed Denison Mines Corp as a long term investment. As it stands, nuclear energy is the cleanest and most efficient way to produce energy. With all the macro fundamentals, along with the narrative that oil can double from here in the next decade, I believe governments will be forced to look for reliable and high output energy production...
Just playing around with DNN Stock I am not in trade. Just learning and sharing thoughts. Any negative news could throw off predictions
I saw this patern and am bullish, need to find some support at higer levels Not financial advice
it is simple Denison Mines - invest accordingly. Strong support on a monthly chart
DNN chart upward channel, good support level to buy with expect rise to 2.2 $ from current price of 1.7 $. Convergence with CCI indicator suspected price rise.
Bearish, guys. Divergence on Jurik's relative strength and Directional momentum is crossing the median. We might be starting to draw a new zigzag in which event we are able to map potential goals before reassessment. There are two potential goals here, at which stage I will reassess the state on this stock. We are not in the business of getting every prediction...
You can buy DNN target 2 stop loss 1.54 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck