The price of uranium, known as yellow cake, has more than doubled in the past year amid a significant imbalance between supply and demand in the global market, sending uranium-related assets soaring to the sky. In addition, the return of Japanese appetite for carbon-free energy and the restart of two nuclear reactors last year, along with plans to restore more...
Uranium looks ready to explode higher. This commodity had a daily chart breakout today and no one is talking about it. Silently triggering a bullish inverse head and shoulders, this should yield more upside. I'm looking for this breakout move to be confirmed in the coming days. If it confirms a breakout this will be a likely trade that we can buy the dip on.
A descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA) Could be a retest though at 20.50 Weekly chart has been used
Check out my #URA analysis AMEX:URA #trader #investor #stockmarket looking for a minimum of a 50 % retrace
Uranium is braking out of a bull flag continuation. AMEX:URA #ura
When in doubt, zoom out. URA is forming the handle on the multi-year cup and handle pattern on the weekly. While doom and gloom besets the new investors, they would be wise to observe that this contraction is a part of a much larger pattern. Besides, nothing in the fundamentals has changed.
There is a possibility that AMEX:URA could form a head and shoulders pattern with the neckline at $26. If it breaks below the neckline around $26, it will validate the pattern and could see a further downside to the $23 area. The pattern will invalidate if the price breaks above the shoulder line around the $31 area.
Uran sieht vielversprechend aus. Das erste Ausbrechen mit Retest ist schon passiert. Tendenzwechsel nach dem Basement mit anschliessendem Breakout. Ein zweiter Retest bei 19 könnte jedoch notwendig sein bevor es richtig nach oben geht.
Once you work with Justin Mamis' sentiment cycle you start to see it everywhere. s3.tradingview.com AMEX:URA and uranium stocks have done very well after breaking out of a long consolidation. This perspective looks at a potential scenario for the sentiment cycle with Fibonacci confluence zones and volume weighted average prices anchored to key areas. AVWAPs...
Channel is effective in this name, would be be entry point if back to the trend support line.
Uranium ore trades is at records highs, as several hedge fund managers are expanding their allocations to uranium stocks, with a conviction that an increasing embrace of nuclear energy as part of a "green" future - along with geopolitically-rooted ambitions to reduce dependence on Russian oil and gas -- means the trend has a lot of room to run. On Wednesday,...
Buying opportunity of a lifetime in my humble opinion. Uranium equities are likely to outperform the commodity by at least 2.5x, and probably relatively quickly. I also fully expect spot prices to continue upward over 2024 and beyond. Potential near term fundamental catalysts: 1. Major producers Cameco and Kazatomprom likely to miss production goals for 2024 and...
Multiple geopolitical and macroeconomic factors providing strong tailwind for Nuclear power. From a technical perspective, there is a massive macro trend reversal playing out here with volume behind it, which presents a promising long-term opportunity. DYOR. happy trades, CD
Uranium made a pullback as a wedge pattern. Support here is 21EMA (29.00 zone level flip). 30.00 - potentially interesting zone for a breakout.
Uranium ETF - $SRUFF ✅ 45% increase since entry at 200 day bounce ✅ Pennant Breakout confirmed trend 🎯 Target remains 0.618 Fib Ext at $45.00 ❌ Stop Raised to $26.67 guaranteeing 27% profit (Stop placed here as it is the most recent higher low and should remain intact for short term trend to remains valid) Hope this simplifies the...
AMEX:URA showing promise here at 30 and we could be looking at a turn around in price soon. Growth stocks may need to find their footing and dollar may need to soften a bit but for now, this seems like a decent spot for longs. Best of luck traders.. The green line at 27.5 was where our previous trade occured for a nice little run and is linked to this post.