URA long idea (NYSE)Uranium ETF showing a nice consolidation in price. good r/r here, waiting for ultimate break out over 16.50 $URA $UUUU $CCJ $UEC
UEC
UEC beautiful accumulation Almost a perfect chart. This is an easy buy IMO.
Above 200DMA
Volume green
Accumulation
Time to go long on Uranium! URA, UECI was looking for a Nov 15 low..... but looking at the price action it may have started to move up....
10-30-17 swing low was looking good also.... Big buyers are showing up
Gann Analysis
4th of July Fireworks in Uranium Price ? Final low in Uranium? Harmonic bullish bat pattern in uranium price recently.
Plus 10 year GANN cycle completed on June 30, 2017 exactly 10 years from the previous peak at June 30, 2007.
So a harmonic bullish BAT pattern and a 10 year GANN (the greatest trader who ever lived ) cycle on June 30th ? I will take those odds any day.
I am no expert in GANN, but these confluence of data is impressive to say the least.
Put uranium on the RADAR.
comments please !!!!
Long UUUU(ranium)I'm taking a stab at uranium, specifically US uranium miners. For those interest, I have written a blog post about it. klendathucapitalist.com
UEC looking for a bottom?Rising momentum without a new significant low... Looks tempting. Uranium spot prices are at 11 year low. Clearly unsustainable. Might see some buying for real assets here as inflation pushes higher.
Uranium is trending up and has been oversold for years.Taking a long position here. This is the only unhedged uranium miner in the industry. They had halted production during the low U prices, but prices are on the upswing and they will capitalize from it. Their in-situ recovery method is established, they have reserves, and they own a ton of property in the USA. The best part of the story... the CEO is Iranian and runs a Uranium company in Texas.
