DNN break out?Seeing two triangles. Broke through one then came back to test it as support. Threatening to break out of the second triangle. With good volume, it may fly away. From what I hear fundamentals are good. DYOR. Longby crypto_simba4
Something big is brewing in Uranium stocks. Don´t ignoreDenison is just one name that has very nice structure to it that signals a big up move. I am long Denison, WSTRF, FCUUFLongby LanmarUpdated 6
Before DNN rises...Before DNN rises. The exchange rate may break out of the long-running band movement. It is currently building a larger wave structure. This resistance level can be a peak axis at a level of 0.800. Then, corrective motion is expected to reach 0.6360 levels. Then another peak axis and a valley axis in triangular form, a double downward wave structure. This can reach the neighborhood of 0.5850 again. True strength can come from this level. The next rising wave structure can reach the W1 ATR axis, which can be 1 usd level. The primary target is the same as the price.Longby meszaros5
DNN is the next downward wave..DNN is the next downward wave. The exchange rate has ended the waveback correction (AB) wave. I expect a new drop wave from 0.4882 levels. The down arrow (BC) target price is 0.3226Shortby meszaros6
A Second Look At DNN: The Bullish Case (with short contingency)Hello, traders! A busy chart,but hopefully not too confusing. Yesterday, i posted a more or less bearish case against DNN. After taking a second look, i see bullish rsi and stoch. I see a fine example of an elliot wave 8 pattern with the final corrective wave c ending at the 1.618 of wave a. Also, you'll notice the fib retracement and extension together look like an excellent area for confluence and support. After a few days of consolidation, DNN could move upwards and make for nice cup and handle. Then again, only time will tell! do your homework!! Best, Matt Longby matt.sulli42Updated 1110
DNN short at .73, long .6-.62 (rsi @ 46.6)Good day, traders. this gives you the bearish continuation price, as well as bullish profit for the intermediate term. let me know your thoughts! as always, best Matt Shortby matt.sulli42Updated 8
Denison mining for a wedgeLooks as if DML (DNN in the real market) has a wedge formation / Downward Wedge going on. I've been watching this stock for a little while now, and I don't think it hasn't found the floor yet; still have some time before we level out, consolidate and break out. From the lows, highs, and trend lines I drew to indicate the pivot points you can see where there are two lower lows going into forming the wedge. It's only going to play one of them, time will tell us which one to keep looking out for. Now, unless we have a breakout, through the ceiling of the red, downward trend line in the coming week or so then this is a short - neutral play; with just over 12 months until we hit the wedge, plus the time afterwards for the breakout. However, if DNN does in fact break through the resistance line it would be a great thing. We aren't THAT far from the floor as it is, about .24 cents, but, with the Doji that just formed today it doesn't seem likely that we'll be breaking through the resistance yet. Although, if you blend the last 3 candles (yes, Candle Blending is a real, technical chart analysis technique) you would get something like a Large White Body tomorrow. And with the RSI indicating that we have increasing buying pressure, or the stock gaining internal strength, plus a positive Macdee base line with the MACD 12 & 26 just recently diverged in the right order & direction, it's feasible that we do break through the resistance in a week or so. But, previous trends and the bigger picture indicate something else in the works. There; that should've covered all the angles. Happy Trading!by jmalone12240