Ill keep this one short, UUUU looks BULLISH! We have bullish divergence on the daily and under, weekly RSI sitting at the 40 support, we are sitting at a major support zone, 50 2 week and 50 month MA line up with the support zone, we have have double tweezer bottom form on the daily and we are very likely going to close the weekly with a beautiful hammer candle....
This is a nice set up to take a swing trade on Energy fuels UUUU. We are at a strong support and we have bullish divergence on our daily time frame. monthly and weekly 50 moving average lines up nicely with our support area adding confluence to our trade. when i see this i see a good risk to reward trade.
lets get this money you degenerates!
Changed my count to an expanding diagonal, although fairly rare, i can't really see it any other way at the moment. Remember Wave 5 must be longer than Wave 3 but can under throw an not touch that upper trend line.
First trade in uranium personally as I see some potential for growth.
My entry here was at 2.69 today. Stop Limit set below A as if it breaks this level it invalidates the triangle count. Good Risk to reward here, always manage your risk and set a stop loss it's the smart thing to do!
Highest time frame available for the Maxx Momentum (2 month) is squeezing with momentum up and significant increase in volume.
Cyan are levels I would like to enter at and orange are targets.
If the squeeze does fire long we could test the 2.0 at $22.
Sharing my primary chart as discussed on my YouTube video today. For full details, please watch that YouTube video. Can be found on my Twitter.
Uranium stocks have seen a massive volume pick up in recent months. I don't necessarily believe these are instant buys, but I believe that we will see a massive move up once the correction completes. Pay attention to...
If I am correct UUUU seems to be running an upward trend with potential to rally similar to how it did on the 1/24/19. Tight stop at 2.74(below first moves 6.18). Targeting $3.20 and anything after that I will play as I see.