SRUUF$SRUUF Daily - Left IC is turning green VPVR is pointing $12.35. Right FIB EXT next target is $12.83 Buckle up #uranium
Uranium
Cameco short setup potential Cameco has a had a nice run and see a potential of further correction here on how its setting up under 24.5 looking for ~14-17 for a c bottom
not financial advice
Higher Uranium prices?It doesn't have to be the situation in Kazakhstan that is causing uranium prices to rise. The media are currently raising the issue of nuclear energy in a positive context to renewable energy
Centrus Energy $LEUCentrus Energy looks interesting here after its breakout from scallop formation. Currently one of my favorite charts in the uranium sector. #uranium $LEU
Urally Need To See ThisUranium is poised for a move. Charts show demand is ramping up and supply is slow to catch it as world leaders slowly catch on to it's inevitable necessity. As long as commodities hold up, URA should stay on trend and begin to take it's next leg up from the bottom of the channel.
Should prices break down, it could mean a plunge lower to the fib retracement levels. Sooner or later though, the yellow cake wants to go to 66
Fission Uranium Trend ReversalFission Uranium market structure has shifted and looks like the uranium market reversal is done. Close above $0.76 on the daily and we are looking at a return to $0.95 area.
$URA, not too late to the party tradethe price bounced back two times from the 0.618 fib level;
previous retrace was also around 28%; we will see one another 80% increase?
if you are looking for a mid term trade, there is a 3 to 1 RRR;
nuclear power is getting more attention; also the technology around it is getting better.
URANIUM might disappointAt the risk of sounding like a bear I think we have come too far, which is why we have seen the sharp pullback of late, I regret that I didn't catch this bearish divergence as it was emerging but my focus was elsewhere...
Let's imagine we have completed the first five waves from the 2020 bottom. That means that we are overdue a pullback that retraces a good proportion of the first wave.
I believe in Uranium and CCJ and am waiting for a better position, but for now, I'm not a buyer at the 200 day MA. I'll layer into names like PDN and AGE etc. as we approach the 0.5 retracement, but there may be more pain if we get a wider market pullback in future. Hoping I'm wrong for the uranium bulls out there but I'm gonna stay conservative for now, good luck friends!
BHP - Will a fed rate hike lead to a breakout in the SP?History says it will.
I expect next years rate hike will lead to a rally in PM's and commodities, as it did back in early 2016.
URA- D1 - DOUBLE BOTTOM IN PROGRESS !MEDIUM / LONG TERM BUYING OPPORTUNITY WITH A STRONG STORY BEHIND !!!
BUY AT CURRENT LEVEL AND ADD ON DIPS.
MEDIUM/LONG TERM TARGET : $ 37.05 - $ 55.68 - $ 70.73
DAILY (D1) :
Yesterday's price action triggered a potential double bottom formation in progress coupled with a RSI bullish divergence.
In addition, the daily closing price (@24.30) is above the Tenkan-Sen (@ 24.14)
An upside breakout of $25.85 (double bottom trigger level) & 38.2% Fib retracement, would activate this ongoing formation (DB) in opening the door for a technical target of $ 29.27,
which is also, by the way, roughly the top level of the daily clouds resistance area.
WEEKLY (W1) :
Recent price action from the top ($31.60) is an healthy consolidation move in a broad bull trend still in place.
Indeed, the primary uptrend support line is still intact and is also coinciding with the weekly clouds support area.
In addition, the 61.8% Fibonacci retracement @ 22.72 has been filled (with an intraweek low @ 22.43.
A weekly closing above KS and Mid Bollinger Band, respectively @ 24.42 and 24.52 would add further support for further upside towards, firstly the TS, currently ƒ 27.02 ahead of 29.27
technical double bottom target above mentioned.
Interesting to note that the 29.27 level coincides also with the middle of the long black candle which triggered this consolidation move.
A weekly closing above 29.27 would be seen as a very positive signal, calling for a retest of former high @ 31.60 ahead of higher level
MONTHLY (M1) :
Uptrend intact, above the monthly clouds, above the Kijun-Sen and the Mid Bollinger band.
Watch the Lagging line which after having broken the clouds is again inside the clouds.
A new upside breakout of the clouds would also add further support for higher levels.
As you can see on this monthly chart, there is plenty of space to the upside and my strategic technical target
are the following :
Target 1 : 31.60
Target 2 : 37.05
Target 3 : 55.68
Target 4 : 70.73
For your information, there is also another vehicle investment in this URANIUM theme and on my view it is the best one :
Strategy Certificate sur U3O8 RENAISSANCE Portfolio
Sous-jacent: U3O8 RENAISSANCE Portfolio
Catégorie de produit ASPS/EUSIPA Tracker Certificates (1300)
ISIN: CH0441692628 /Valor: 44169262
Last price (December 15th 2021)
$ 1879.31 - $ 1898.29
Ironman8848 & Jean-Pierre Burki
Bullish chart pattern about to be completedKeep things simple! On this line chart, you can see that PDN has already formed a beautiful bullish wedge pattern, which we could break now around 0.50 AUD - then up it goes!
UEC Are we there yet ? Bottem ? Deeper than I had envisioned. upon reaching the previous golden pocket on the shortest uptrend, the price bounced back but was rejected at $4.5.
so downtrend is extended.. now the price is already in the zone from where it could turn. we are low in the RSI and so the bulls may have the energy to move upwards again.
- red bar is the next resistance.
- blue bars are support (if bulls can't hold the $3.14 then $2.41 is next)
UUUU LONG. Uranium Exploding higher with Worldwide Energy NeedsI am a bit late to the party on this one. But UUUU has a prior ATH of over $200. MONTHLY chart is starting what appears to be a strong uptrend. Weekly , Daily charts already look strong as well. Recent bounce off TL support (Yellow Line) which happens to also be Horizontal support (Green Line). Long Wick on yesterday's candle and todays break above Horizontal support and yesterday's high of the day are further BUY signals. MACD Rising and above ZERO line. Add to this all the worldwide energy needs and Fundamental reasons for Uranium to skyrocket soon and this trade feels like a no brainer. usually I try to catch the trend a bit earlier but this is definitely a good LOW RISK Trade. Entry will be LIMIT Order @ $8.41. We will see if we fill at better price. If it does not fill within 1st 10 min of trading then I will plan on entering in at the then current price @ 0940 AM.
Entry = $8.41...???
SL = $7.28
1st TP = $11. Will reeval TP levels as price action evolves.
#URANIUM $CCJ v PF Thought I would check my larger positions vs Cameco and a couple of the larger juniors over the last 12 months..
Conclusions
DYL is trading same as Cameco, not like other juniors despite doubling its resources last 12 months
the leverage to Cameco's moves in many others is massive....
Some CEO'S are so full of shit...
I need to buy more DYL, VMY and LOT...
Clear defined channel for Dollar indexwhat will it be for the Dollar index? Short or Long? that the million dollar question.
Taking the fundamentals and the economic status of the U.S into consideration, from my teams point of view we are seeing a rejection from in the near term.
This is mostly fuelled by negative diverging momentum from the past 10 years. we can all agree that the U.S is not in better shape then it was 10 years ago, at least that's the story that the chart Infront of us is telling us. the M2 money supply accompanied with the FEDs printing is clearly the reason of this ever devaluating currency. we are seeing a decline in all the currencies coming up and the most that benefit in the upcoming 10 years are those who are not inside the stock market but in real assets.
Real Estate : ✓ 7.5/10
Gold/Silver : ✓ 9/10
Copper/Nickel/Zinc : ✓ 9/10
Consumer staples : ✓ 8.5/10
Uranium : ✓ 7/10
Crypto : ✓ 2/10
Symmetrical Triangle ... Deep YellowDeep Yellow Uranium... Symmetrical triangle forming nicely here. Uranium market is currently experiencing a healthy bull pack. Once we bottom deep yellow will make its move.
UX1! Uranium SpotUranium Spot is respecting the arc with multiple touches across the last decade.
At Present Uranium Spot has pushed through the supply demand Zone with is a very positive sign for the Uranium market bull case.
There are two scenarios I see playing out over the coming months in relation to Spot. The Uranium spot prices will either follow Scenario A marked on the chart and trades back into the Supply/Demand zone, Backtests the broadening wedge breakout point and continues its trajectory.
OR
The spot falls back into the Wedge and comes back to re-test the ARC boundaries before finding support and continuing its run.
Option A will see months of consolidation IMO after the run Uranium has just had and could cool off the market in the near term,
Option B is a much longer consolidation period and could take the best part of 2022 to resolve and see interest return to the U market.
This could all change if Utilities get the finger out and actually start their contracting cycles which could see an overnight jump in the spot.
holding and adding to U positions as this resolves. Its a marathon not a sprint.
$PEN #PEN -Macro Inverse head and Shoulders
-Consolidating on the daily TF
-Uranium Spot above $40
-Sport buying Physical
$PDN come on baby light my (proverbial) fire!!!Nicely progressing around the bullflag.
A ffew shakes are fine. Don't expect it to drop below the belt again. Lessgo!
Bearish divergence on Uranium #URALooks like a bearish divergence forming for Uruanium. This is my exit point for now on an option trade I have open on URA...
