UEC to 3.50 for nowMaybe I am just bullish on this one, so please correct me if you think so, my goal is to be as objective as possible.
But I don't see any reason at this stage for a bear case.
I have been watching it since when it was about 1 $.
UEC perform much better than ie. URG etc. And it touched ATH when other Tech dropped 50 or 60%. it's recent correction is 30%.
According to this old chart that I have been using, in the short term, if there is no correction in the next 2 weeks, I am expecting it to reach at least 3.50. And with FOMO to 4$, which represents 30% profit.
I don't know if we should HOLD it for too long though, any comment on it?
Resistance at 3 and 3.20, 2.50$ is a support.
0LJQ trade ideas
UEC URANIUM ENERGY CORPUEC is primed to explode both fundamental and technical stand points of view. UEC recently purchased 1.2 million pounds of physical uranium. Price target $5.47 with April 7th to get us there - that is based on a chart and previous ATH run. Also H&S are forming in ascending triangle - super bullish.
Ichimoku Cloud:
1. Huge Green Cloud Base - bullish
2. Conversion Line over Base line and above Cloud field - bullish
3. Lagging span shooting up and above the cloud - bullish
4. Price is hovering above the cloud - bullish
This chart looks a bit too busy but I wanted to show as many bullish signals before it looks like a huge mix of colors.
Uber bullish on UEC, best looking technical set up IMHO
UEC: Bullish Pennant (50%)Bullish Pennant (50%)
Pros:
Volume during post formation
Descending volume during triangle formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 4
250RSI above 50 and ascending
200MA ascending
Target:
PT = 4.30$
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Golden Cross Imminent #UEC $UEC Another Golden Cross incoming in the uranium market, CCJ(leader) already crossed. I would expect some sort of shakeout scenario after the cross punching through the EMAs and ultimately moving higher. The $0.92 range looking at this chart looks attractive(your mom). If we have THE ever so coveted and elusive uranium bull market on our hands, entry price hopefully won't be too big a factor, but lets not overpay! Please, consider some kind of Dr Scholls, or comfort pads in your shoes before considering my non-financial punting advice. This is not financial advice.
UEC Going up?I got in on UEC at .88 sold half at 5%.
I'm new to all of this but it seems to be bullish.
News:
Zacks & Columbine Capital Services upgraded UEC from a 3 to a 1.
Other interesting news on Uranium in general!
"Uranium is required for almost 20% of U.S. electricity generation in addition to fueling America's Nuclear Navy aircraft carriers and submarines. At present, the domestic industry is no longer producing uranium, 100% of requirements are coming from imports or dwindling inventory."