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...
If the breakout of the bullish flag holds, the next resistance is the 200 day moving average. Measured move based on the flagpole pattern is $40.
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.
I think the R:R here is great, a play with uuuu is very nice here
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.
Feel like an evil mastermind trading this shit. Thanks anti oil idiots. The whole world will be destroyed looking for metals for EV vehicles and Uranium to create the energy necessary to power all of them. Oil was fine.
UX1! is looking to make previous resistance new support as new price strength indicates bullish territory.
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.