$DNN firmly in the bullflag. Coming around nicely tracking on the VWAP... BUt looks like a reasonable chance it will slide down that falling wedge in line with Uranium prices, build up some RSI and away it can go again!
It may take off, and if it does that VWAP and waistline become support.
$DNN $DML - Daily, Weekly and Monthly Comparison. Current correction is just a noise. Buy more if you have any dry powder left. #UraniumSqueeze #uranium
Alright @TradeandGrow so this is what I am seeing...
First of all the nearest support is at 0.93 so if you did want to add a little bit, I would add there... and keep an eye at that level - it might bounce... but if it doesn't...
The next support after that is down at .61 so if there was ever a place to average down that would be it...
There are a few levels...
$DNN $DML - one more drop and this would be an extreme oversold based on Stoch and RSI. This drop is not as bad as previous from $1.35 level. 20 and dma are still looking ok. IC - cloud is still green but price dipped below. Lagging span on support, conversion line is still ok. #uranium
$DNN $DML - daily looks like both downward parallel channels have similarities. If this recent drop follows the same pattern as the previous one hold your hats. Both RSI and Stoch just changed its directions. Let's see how it plays out. #uranium
$DNN Stoch indicator pointing out to an extreme oversold. All I can say even after this extreme correction Ichimoku Cloud still looking intact. More downside is possible based on RSI downward pressure. IMHO we are very close. Smart money is using this opportunity to accumulate these shares on a huge sale. #uranium
DNN perfomred really well in the last weeks and need to breath again for next run.
The price is again on a support and we are onm a higher level overall since beginning of the year.
Technically the trend is still solid and is running nice and slowly north. The last pattern which brought us $1.50 again is way different as the last one, it looks more healthy and...
Picked up a nice amount of $WSTRF this AM. It appears it outperforms $DNN - sale was over on Monday. Both are great companies. Left side WSTRF/DNN RIGHT SIDE DNN/WSTRF.
#URANIUM
Denison Mines Corp. engages in the exploration and development of uranium. The firm has interest in McClean Lake and Mill, Wheeler River, Waterbury, Midwest, and Hook-Carter projects. It operates through the following segments: Mining, Closed Mines, and Corporate and Other. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.
Arca
