Uranium macro play. Big time bullish.Symmetrical wedge on the monthly chart with large bias to the upside. All VWAPs and EMA clouds are underneath price, creating a great probability to push price to the upside in a big way. Current April candle is forming a bullish hammer as well (same with prior in March). Only drawback I see currently is the RSI has less room to the upside to realistically move. I've rotated a portion of my LT portfolio into $URA.
Uranium
92e Uranium. Looking for a move higher$92e.ax
-Weekly candle holding the breakout.
-EMA's about to cross.
-Push past 0.62-0.630 supply and its away imo.
$LPI $LPI.ax$LPI $LPI.ax
#lithium #ev
-Falling Wedge Breakout.
-Macro level back-tested.
-Market capped at congestion zone
Looking for ST pullback and backtest of previous "level" maybe even a stop run and deviation before trigger
WL for now. Expecting small pullback.
Last opportunity to accumulate Bannerman?Not my idea but have to agree this is a great opportunity.
Near term catalysts:
- SPP outcome to be posted after market today (ASX), IMHO likely way oversubscribed. Investors will be scrambling to get those orders filled with their returned cash when the new share start trading on Wednesday 27thApril.
- URNM becomes Sprott Uranium Miners ETF and starts trading under their management - likely next week according to quakes99 - expecting bigger funds flow as the marketing engine revs up
- Sprott physical uranium trust taking a breather allowing spot to bring NAV back to equilibrium >$60lb is helping to give us this window of opportunity but it won't last long
- Cameco quarterly call May 5th, Grant Isaac's enthusiasm and indications of off the market contracting was a strong driver for the whole uranium sector last quarter
- Bannerman CEO out of isolation and attending in-person nuclear conferences again as of this week
- Russia Ukraine conflict intensifying in the east and south encouraging further sanctions
ASX:BMN
DNNIDK still thinking DNN pushes to $2.14 ish b4 an ABC bullish correction and tests the orange U308 futures line. But If U futures dump here then DNN could meet the confluence at lower levels.
My bullish bias is supported by the fact that wave 5 seems to be still underway on the daily. Also Weekly & monthly charts still bullish tilt. & also DNN sitting on mid channel support.
I continue to think we move higher for now until proven wrong.
fund flows driving the share priceRelying on Nexgen mine to be built and then riding on the infrastructure build out.
Restriction of Kasprom will leave many western sourcing there supply from Canada who as 10% of world supply, but will definately expand.
1-3 year play with high volatility
negatives
its hard grade reserves are under a lake
sprott.com
www.horizonsetfs.com
urnmetf.com
www.globalxetfs.com
fissionuranium.com
📈 Triangle consolidation A symmetrical triangle is forming in PDN. We have made the bottom side of this triangle, and it looks like the price is returning now to the upper side. Around quotes of 0.98 AUD should the upper border of the triangle be touched. After breaking the triangle pattern at this point or later, the bullish trend in Paladin Energy Ltd. should continue.
URNM- URANIUM ETF BULLISH- GREAT SWING OR LONG TERM HOLD!I've had a position in URNM- AMEX:URNM Uranium for about 13 weeks and now and I'm really excited at how well this etf is doing. You can swing trade and possibly long term hold for a portfolio, since Uranium is the future need for energy in power plants and nuclear submarines and other naval ships. Find out all the details on my video technical analysis here! Give me a like and a subscribe and follow this trade which I will be updating.
Disclaimer
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post. AMEX:URNM
4/3/22 CCJCameco Corporation (NYSE:CCJ)
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 11.562B
Current Price: $29.03
Breakout price: $30.00
Buy Zone (Top/Bottom Range): $27.10-$24.65
Price Target: $34.80-$36.00 (3rd)
Estimated Duration to Target: 150-160d (3rd)
Contract of Interest: $CCJ 9/16/22 35c
Trade price as of publish date: $2.55/contract