$DNN $DML - Daily, Weekly and Monthly Comparison. Current correction is just a noise. Buy more if you have any dry powder left. #UraniumSqueeze #uranium
Alright @TradeandGrow so this is what I am seeing...
First of all the nearest support is at 0.93 so if you did want to add a little bit, I would add there... and keep an eye at that level - it might bounce... but if it doesn't...
The next support after that is down at .61 so if there was ever a place to average down that would be it...
There are a few levels...
$DNN $DML - one more drop and this would be an extreme oversold based on Stoch and RSI. This drop is not as bad as previous from $1.35 level. 20 and dma are still looking ok. IC - cloud is still green but price dipped below. Lagging span on support, conversion line is still ok. #uranium
$DNN $DML - daily looks like both downward parallel channels have similarities. If this recent drop follows the same pattern as the previous one hold your hats. Both RSI and Stoch just changed its directions. Let's see how it plays out. #uranium
$DNN Stoch indicator pointing out to an extreme oversold. All I can say even after this extreme correction Ichimoku Cloud still looking intact. More downside is possible based on RSI downward pressure. IMHO we are very close. Smart money is using this opportunity to accumulate these shares on a huge sale. #uranium
DNN perfomred really well in the last weeks and need to breath again for next run.
The price is again on a support and we are onm a higher level overall since beginning of the year.
Technically the trend is still solid and is running nice and slowly north. The last pattern which brought us $1.50 again is way different as the last one, it looks more healthy and...
Strong close on a low volume. Would be nice to
close around $1.50 tomorrow. IC continues to show a sign of strength
Cloud still green and turning upwards
