With the recent jump in uranium price and many people are jumping on uranium stocks and a bit of FOMO is going on at the moment. Surely uranium has a bright future ahead being a efficient and reliable clean energy source, but is this a good buying point ?
zooming out, yes uranium is above it's 6 years high back in 2015 , but if you look closely, it is very...
In the early 2000s, the flooding of the McArthur River and Cigar Lake mines were immediate black swan catalysts that further accelerated the existing bull market into a mania moving uranium spot prices to a peak of $150/lb in 2007. The flight to commodities as an inflation hedge following the Great Recession served as an additional catalyst underpinning the...
Uranium futures are now tightening at the 21 MONTHLY moving average, above the 50 month moving average, and retesting the lows of 2014 and the highs of 2019. This is the type of signal I've been waiting for to pull the trigger.
Here's an example of a small cap uranium miner I like:
John Quakes is a great guy to follow...
Despite current uranium minor sell off and lack of spot price movement we are still in an uptrend for uranium price. Recent article was about musical chairs - so music is currently playing and 1 of the parties will not have a chair when music stops.
Uranium is set to move much higher according to this Ichimoku Cloud chart. The cloud has turned from red to green and the price @ $30.50 is hovering just outside of red cloud. Blue conversion line passed under yellow base line and is now outside of the red cloud. The most important confirmation is that Lagging Span is outside the green cloud as well. Looks like...
Today we have reached a critical point in uranium spot price $30.50 which a resistance line. When breakout takes place above this price 20 DMA will cross 50 DMA. 50 DMA will be ready to do a GOLDEN CROSS by passing 200 DMA. Cup and handle in formation. Everything pointing to a serious move in a spot price which will positively effect a share price for all of the...
With current 60 million pounds annual deficit production price has to move up North substantially. From technical point of view Stach and MACD indicators pointing that price will start moving starting this week. Movinng averages are pointing down at this point but that could change with price moving towards $30 range and above.
Simple bullish trend channel has emerged the last two years.
Supply is hurting, covid 19 has made it worse.
First time since 1970 both parties in the USA is pro nuclear.
50-60 dollar uranium is needed to make new mining economical.
12% of world energy is nucelar.
Small downside big uppside, miners and other stocks is a asymetrical way to play the 50-60 dollar price range.
Looking at Uranium futures on weekly chart with Ichimoku clouds. Visuals are all-in-one tools to see support and trend. Add on top of that an arc.. and you increase chances of spotting skewed risk vs reward opportunities.
Long setup idea under the scope on the of the beginning of the current Uranium bull market, taken into account almost a decade of price market depression, problems in the supply side, depleting inventories, and upcoming growing demand to power nuclear reactors.