Uranium is following a bullish trend.
Eurpean Union defines Nuclear Energy as Clean Energy in terms of CO2 emission.
Technology Companies are contracting Nuclear Energy due to their high level demand for data centers.
Hedge funds are investing in Nuclear stocks and ETF.
Cameco Corporation, Canadian Company, is under real production.
Saudi Arabia is pushing...
"📈🌐 Watching Uranium like a hawk 🦅! Monthly trend is pointing North 📆🚀. All indicators are singing 'Buy, buy, buy!' 📊💹 Long-term bias? Locked and loaded 🔒📈. #Uranium #Investing #LongTermGains"
Performance comparison between Global X Uranium ETF versus U308 Futures.
One of many Momentum Indicators out there that track Bullish movements in Uranium Sector.
Uranium stocks haven't always been closely-correlated to Futures due to their "risk-on" nature...so when stocks start outperforming when Futures + other confluences are also rallying..
You might have...
I stole this concept from someone else, but the chart is my interpretation. Mines vs spot. I’m seeing inverse head and shoulder, which tell me mines have a long way to run vis a vis spot. The bull run is just beginning in U.
No clear impulse visible...
we might still have to embrace one more low..
Once upon a time in the bustling world of financial markets, there existed an extraordinary exchange-traded fund (ETF) called URA, which was intricately tied to the price movements of uranium. URA, short for Uranium Resources ETF, was an investment vehicle that allowed individuals to...
URA faked out initially by breaking its downtrend (yellow) but then failed the retest of its breakout by falling back into the triangle and dipping below 21. It has now broken out a second time, but this time it seems to have done so with conviction. One can buy the ETF (URA) or look for uranium stocks to punt.
Could still make a lower high so my TP is set very conservatively without the best RR. If AMEX:URA clears the resistance in the grey box I will look for more longs. I just added more to this trade and raising the stop loss so thought I will post the trade idea incase it offers more opportunities to enter.
If humanity doesnt go extinct.
Uranium . if it gives any price between 10 to 14$, im getting in and this is a full send.
The initial drop is not just enough for me to be sure in an elliott wave count correction wise. The faster it drops, the faster it will jump as well.
I would really like this to go lower.
But current global happenings might just send it...
BEHEMOTH opportunity MORPHING into EXISTANCE for URANIUM MINERS.
Do you think they will ever talk about the next #UraniumMiners BREAKOUT versus #Tech and #Growth stocks?
Move will most likely be SEVERELY UNDERWAY by the time they do.
URA looking interesting for the second half of 2023. If there is a commodities resurgence in q3-q4 similar to what we are seeing with energy (see XOP, XLE) this is a viable candidate to make a move in the next coming months.
DO NOT care about narratives, but DO care about price action.
Are you seeing what is happening in the URANIUM sector?!?
#uranium #gold #silver #crudeoil #inflation
notes
MASSIVE volume defined base
bounce on 3 year moving average
coiled price sandwiched
Price peaks with volume
TA on levels of interest for AMEX:URA ETF.
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a...
Uranium miners have gone NOWHERE for 2 years now.
Being forgotten while bullish chart morphs into existence is good.
Sentiment reset.
notes
coiled price sandwiched between 1 & 3 year moving averages
below critical take off platform
Price peaks with volume
MASSIVE volume defined base
#uranium
We are near the end of completing a complex correction consisting of several 3 wave structures. I'm labeling them A-B-C-D-E. It could also be abcXabc; but in any case the trend and prediction is down. I'd like to see the correction take as long as the impulse. July 3rd is at a minimum the same length of time.
Destination for wave E is in the green box
1. is...
Uranium has been consolidating for a while now. It has been going back and forth between HKEX:19 - HKEX:23 range. First TP is the white horizontal line at $21.4 and the second TP is at $23.22
