Quick move through short term resistance, flirting with longer term resistance back to May-June 2019. Price, volume, momentum moving higher. Looking for some price drifting to add more shares to starter position. We shall see if this resistance provides some pullback opportunity before it moves higher.
Price closed today at multi-month resistance. Weakness possible in the next few days should be a long opportunity noting the volume coming into the sector. Previous RSI levels approaching 70 have coincided with topping price action.
Price closed today at multi-month resistance. Weakness possible in the next few days should be a long opportunity noting the volume coming into the sector. Previous RSI levels approaching 70 have coincided with topping price action.
Denison Mines Corp. engages in the exploration and development of uranium. It has interest in McClean Lake uranium mill, Zone and Huskie deposits on the Waterbury Lake property. The company operates through the following segments: Mining, Closed Mines, and Corporate & Other. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.
I know it looks ugly but a possible inverse head and shoulders forming hair which is foolish scenario possibly for Dennison. Fundamentally uranium is supposed to go on a bull run because of the shortage from Cameco and Kazataprom, Sprott owns a nice amount of shares. Sooooo......
Bull Flag on descending volumes. Above MA50. If confirmed, Target = 0.73$.
Uranium stocks have been bullish lately. With anticipation of the Trump administration/ Department of Energy releasing more guidance on uranium mining today. We will hopefully continually see it go up. RSI is hovering at 71 and has been hovering in that overbought zone for awhile. Volume seems to keep going up. Please note: I'm a complete noob at financial...
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
It appears that Denison mines has been consolidating for a few months at the bottom of a 1 year channel. Could go back to the top of the channel and test .90 cents a share, for a 20% increase from here. Also, with uranium price gradually set to increase, it could break out of the channel and see new recent highs.
Seeing two triangles. Broke through one then came back to test it as support. Threatening to break out of the second triangle. With good volume, it may fly away. From what I hear fundamentals are good. DYOR.
Denison is just one name that has very nice structure to it that signals a big up move. I am long Denison, WSTRF, FCUUF
Before DNN rises. The exchange rate may break out of the long-running band movement. It is currently building a larger wave structure. This resistance level can be a peak axis at a level of 0.800. Then, corrective motion is expected to reach 0.6360 levels. Then another peak axis and a valley axis in triangular form, a double downward wave structure. This can reach...
DNN is the next downward wave. The exchange rate has ended the waveback correction (AB) wave. I expect a new drop wave from 0.4882 levels. The down arrow (BC) target price is 0.3226
Hello, traders! A busy chart,but hopefully not too confusing. Yesterday, i posted a more or less bearish case against DNN. After taking a second look, i see bullish rsi and stoch. I see a fine example of an elliot wave 8 pattern with the final corrective wave c ending at the 1.618 of wave a. Also, you'll notice the fib retracement and extension together look like...