.5 retrace from the high in mid-Sep. This is consistent with the potential inverted H&S printing. I think it not coincidental that the volume profile shows price at the point of control too.
Ichimoku lagging span went blasting past the ATH iceline. If this day candle closes above I'd consider that a second indicator. A golden 50-200DMA cross appears to be imminent. So the next plottable zone of resistance would be $4 from 2012's high. Energy market fundamentals say energy market is bullish for the year's remainder barring any changes.
I believe it can be considered to be bullish as long as price action stays above the yellow line! the Green arrow and the location of waves iii, iv, and v are just explanatory and I didn't calculate any price target. but In commodities wave 5 usually extend!
Do your own research and do not just buy or sell on my count/case, be responsible and smart with your...
UEC recently formed a double bottom on the daily chart.
Confirmation of the double bottom should happen when the peak in between the bottoms is broken. That recently happened when $2.37 was broken.
The double bottom also touches off the 0.618 fib retracement level after a strong run up beginning in November and ending in June.
The price action has poked its...
UEC resisted a head and shoulders by a narrow margin.
The 12 / 16 EMAs are narrowing, and appear to be ready to cross.
The MACD has just taken a sharp turn upward from oversold, and looking to cross the zero line.
When these 2 signals coincide I will enter a long position, aimed at 3.20.
1D Close under 2.07 is fail, stop out.
Relatively new to TA analysis so would appreciate any feedback/correction/support but go easy on me as I'm still learning.
The title and chart are pretty self explanatory.
Things to Note (deprecating factors first):
-We broke the upwards trend line and saw a dramatic selloff
-Below 50 D SMA
-MACD divergence possibly coming soon
-RSI is in oversold...
distribution phase watch for breakout huge selling volume on friday idk if its gna respect the support level because of all this volume and also broke daily trendline recently might start to down trend
WATCHING $UEC for ENTRY TARGET @ 2.36 for 27.97%
I’m practicing to nail my entries even better… IF target hits I will look at this again and possibly take a position.
Uranium, huh?? What’s uranium used for?? I’ll play at 2.63.
Double at 1.70 is it goes down.
Could talk a while to break.
A possible uranium play after pullback.
Ascending triangle. Resistance at 3.5 which would be first pt.
Would like move much higher after breaking it.
50ma acting like support right now.
I had a random thought, voice, divine intervention, I don't know what it was but out of no where I had this, more than a thought or idea, but it was clear... "Look at URANIUM! " Subtle real Subtle......*slowly starts to run away*
Anyways in my dive into Uranium Plays I looked at URA which is a ETF and good but kind of slow....and about 4 other Uranium...
