GLOBAL X URANIUM ETF

URA is forming a very nice uptrend. Moneyflow was diverging & now broken to the positive side. And on the weekly frame it seems it has huge upside potential. * Trade Criteria * Date First Found- July 13, 2017 Pattern/Why- Fallen angel type Long Entry Target Criteria- Break of $13.77 Exit Target Criteria- 1st Target $16.93; 2nd Target $23.73 Stop Loss ...

Bullish on URA , may add further to position

Nice example of market drying out of investor interest and demand finally coming on heavy volume, marking the typical first wave of Elliot Wave Principle. Second wave look good as well and has ending diagonal in C. We are still close to the support level at $12, so we can setup SL slightly below, getting decent risk to reward.

The same divergence can be found on a weekly and monthly basis going back to the previous low on January 2016. Looking for a pop over the 50ma. Bought with a tiny position here.

We have 3 examples of bullish divergence in MACD, CMF, and RFI. This voids the bearishness of the descending triangle. We have even had a brake out of the descending triangle with a somewhat modest increase in volume. Thankfully I took the gamble and assumed it would break out when it bounced off the horizontal support line. I will be setting a stop loss at 12.40 ...

It's possible the Uranium ETF $URA has bottomed here. If this is the case, we can expect a rapid rally as depicted on chart. Odds are low, but risk/reward is significant if this trade works well. You can enter with a tight stop under the lows, or risk 3x the ATR value down from entry. Good luck! Ivan Labrie.

Very important spot here for URA. We'll need a nice reversal bar tomorrow otherwise this idea needs to be shelved until further notice. Fundamentals are still bullish here, but we just need the technicals to come around.

Uranium have retraced to 61.8 fib and found dual trendline support. A good entry for long.

14.88 might be great price to open long position.

URA Absolute 030617

Added to position early in wave d, previous days volume +300% above average

Hola

Selling current position at the top of wave 1 (red scale). Buying double size and adding call at the bottom of wave 2 (red scale). Selling all stock at the top of 3 (red scale).

Many are looking at this for a good long term investment. Check it out.

Uranium has been under pressure for ages. But now the trend seems to be changing with new ATH on monthly RSI and price knocking on a b/o. When above 17 this could target 24.

Passing through here can see 20-22 area

Big accumulation. It should go higher

We have a higher low after breaking the trend line this time. It's a multi year behaviour change. Maybe we have hit a bottom already?