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URA

#Uranium weekly crossoverUranium has plenty of Momentum moving forward in the larger timeframe. As we look at the weekly chart we can see that the 20MA is about to cross the 50MA. While on the daily the 50MA was acting as support. $262 is acting as support and a bounce off that would keep the momentum going, though $257 is another possibility. In the short term a small drop is more likely when you look at where the RSI and Stochastic RSI is placed. It is also hitting a large resistance area and this would be the 4th time trying to break it. Taking a position in uranium with 3 Aussie Stocks is where I have placed my bets and see how it plays out, but has a great outlook.
ULong
by GlobalTrader_
Uranium, A Closer Look at the Commodity PriceA few days ago I put out analysis on the Uranium miner ETF AMEX:URA . This ETF is probably the best way to get involved in the Uranium price action and stay diversified. But I wanted to take a look at the commodity price, as this will be the driver of new and existing mines opening up and miners increasing their profitability. The price can also give insight to whether the public is ready to start demanding Uranium and increase it's use as an energy source. If you're looking for a more detailed article on Uranium, you can visit AssetGuild.com . But here on TradingView, we will focus specifically on price. The price of Uranium has been in a deep depression for 11 years. It safe to say it might be the most hated market in existence. This fact alone is why I'm giving it a closer look. Overall, the price is down 80% since it's highs. What's worth noting, is that UX1! has broken out of a long existing triangle pattern and is looking like it might be in the process of forming a bottom. Uranium has been quickly breaking above it's moving averages and holding healthy support on the 100 and 200 MA. The 100 has now crossed the 200 as well. We are now making new 2 year highs which is a promising note. The key here is that price holds support around the $26 range and on it's moving averages. Though volume is still low, this price action may be a signal for interest coming into the Uranium space. Feels good to be watching things develop at such an early stage.
ULong
by micahjmiller
URA: Incredible Weekly Set UpGood morning. With the cryptocurrency and weed markets still in consolidation, I've been sitting on cash waiting for a good long term set up. Uranium is probably the most hated market of all right now. It's seen nothing but downside for the past 11 years, but is beginning to show hope with this setup. While AMEX:URA isn't a perfect tracker of the Uranium futures market, it is one of the better ways to capitalize on the commodity as Uranium sets up bullish on the weekly chart as well. Oversold RSI What I've noticed is that a low was established in 2016 along with an oversold condition in the RSI and has been respected when recently tested on a false break out to the downside. This creates a good case for a long term bottom in the market and potential for the start of a Uranium bull market. Descending Triangle Price has been squeezing down since Feb of 2017. That's 2 years of coiling price waiting for a breakout. What we saw in December was a bearish breakout to the downside rejected when faced with it's all time low. This is a good sign. Price has now reversed and broken to the upside of the triangle pattern. This is also a good sign. Increased Volume Along with a bottoming formation, an Oversold RSI, and a Descending Triangle Breakout, volume has increased dramatically for AMEX:URA . This is a sign that there may be some interest entering the Uranium market after a long 11 years. Challenges While these are bullish signs for AMEX:URA , there are still some risks that Uranium could linger at the bottom for a number of years: Lack of Interest in Uranium 100 and 200 Weekly MA Resistance It is possible this breakout is shut down by the 100 and 200 MA, and we linger at the bottom for a number of years. Even so, this is a great time for me to accumulate for the longer term. Thanks for stopping by! Find Me on the Internet AssetGuild.com Twitter Instagram YouTube StockTwits Room Discord Telegram @micahmiller Nothing in this post shall be taken as person financial advice. This is personal opinion and educational content only.
AMEX:URALong
by micahjmiller
Possible Trend Reversal Expecting a Breakout SoonLooks like the bear market for Uranium ETF will be over soon. The price of URA has been in a bear market since 2011 with a high of $130 losing about 90% of it's value dropping as low as $11.25. On October 2016 it started a small rally that ended with a shooting star candle with the 150 Weekly MA acting as resistance at the price of $19 Top. Since then it has been forming a triangle of higher lows with the price of $11.50 acting as support. That triangle is expected to break by late 2018 to early 2019. As the current market conditions for commodities which overall are at the all time low, it shows chances of maximal financial opportunities. We are currently close to test the resistance at the range of $13.75. Breaking that level would take us to a new higher high changing the over all trend Uranium ETF. I'm not a financial advisor, this is my personal opinion. Only invest what you can afford to lose.
AMEX:URALong
by NL_LINK
$URA Prolonged consolidation or bullish bias?Fundamental - uranium has declined in price from its inception because of simple supply and demand. URA has now been in a consolidation pattern since 14 Oct 2015. Supply have meet demand in the zone of primarily 11.57 to 16.31. The bullish bias comes from uranium miners first making profit when price reaches 20. Therefore some uranium miners have been shutting down their operation until a price hike. Japan could be opening new facilities to enrich they energy supply to the mainland after they haven been open to it in public forums. First trade A rise over 16.31 makes a bullish entry with a stop loss at 11.57 and TP levels at 20 and 23.93 (support and resistance levels formed before consolidaton formation). Second trade TSI supports short term bullish momentum and entry on the price now and sell if it doesn`t break 16.31!
AMEX:URALong
by dannyking97