URANIUM is filling the gaps on a long-term bullish trendThis is an update to my April 2021 idea on the Uranium ETF:
As you see, the price rallied following March's Golden Cross on the 1W chart and so far the 1W MA50 (blue trend-line) has been holding as Support (which was my biggest concern back then), offering a great dip buy opportunity on August 16.
What's even more interesting is that the asset has been filling gap after gap on the Lower Highs of last decade's bear trend. The next one is at 39.00. Be ready to take advantage of the next 1W MA50 dip.
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Uranium
CcjAre we there yet? Not sure. Got the make off a bullflag though. Falling wedge and a little o bearflag dropping her to 19.5 and see then….
Most bullflags have a waistline that’s midway between top and bottom rails so if you acan see the waistline, you can project a floor. Ccj is tricky but that’s my best guess for now.
$CCJ Vs Uranium UX2!rapid backtest has sent the RSI70 SOARING
Backtest back to the VPVR and wasteline of the bullflag
See the UX price arcing up with teh CCJ: UX
Nice entry? If you look at the chart, I'd think so.. just want a smidge more conirmation of current local stucture.
I'm LT HODL CCJ LEAPS so...
what do you think of CCJ? short term. down as far as 18?what do you think of CCj by mid october, novemberish? i think (for now) continued down trend.
i charted this head and shoulder pattern before break out, link it below.
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CCJ... are we destined to repeat the past? by Benz951 on TradingView.com
$BMN snaking up a rising wedge.A few moves left? It's opening at the MM target again! Can only come back??
Glad to see a structure to play with now, so its tradeable in my eyes.
Maybe this? Or could shoot even further up the shoot. But there is an apex there. WHether it explodes higher or what.. we have a scaffold to guide us.
Cameco - UraniumWe like the uranium play and we are doing it through Cameco. Sell target at 1.618 Fib level.
We are not early to this play, it has been underway for quite a while. We may be approaching the top, but we want to squeak a bit more out of it.
Other plays are the Sprott Physical Uranium Trust and URNM .
Fundamentally, Sprott is cornering the physical market.
adventuresincapitalism.com
Get some!
Metals/Energy - MGAModel Forecast for Mega Uranium Ltd.:
- Model has produced a Line of Least Resistance.
- Mega Uranium Ltd. is a uranium mining and development company which explores for prospective properties primarily in Australia and Canada.
- This is a second wave "junior" that has been in existence since 1990 with a promising balance sheet.
- We believe that a macro turn is upon us and we are extremely bullish on uranium, renewable, and nuclear energy. There is a non-trivial probability that uranium juniors will yield the greatest gains out of all stocks in this full cycle.
- With a shift toward renewable energy solutions, we expect a global interest toward nuclear energy, causing a boom in the sector.
- With the level of stimulus projected by 2030, and the global direction until 2050, we expect necessary funds to be raised capital expenditures in the sector to be spent aggressively, with the backing of national interests.
- Should the company acquire a mining project, the stock will yield outsized gains.
- Price is technically breaking out of a Cup & Handle, and is likely to test the top of a channel established since the 2010's.
"For the juniors, there are three possible fates:
1. Most common is a failure, which leaves a hole in everyone's pocket, including that of the banks and investors.
2. The second fate occurs when a junior has enough success to justify a major paying a decent premium to gobble it up, leading to decent returns all around.
3. In the third and most rare fate, a junior finds a large deposit of a mineral that the market wants a lot of – it is a magical combination of the right deposit at the right time. When this happens, juniors can return more in a few days than a major will return in years." - Investopedia
- Interestingly, the company sold its assets in Canada to NexGen Energy (NXN.V) for a 40%~ equity interest in NexGen.
- We believe that a time is approaching such that companies in all sectors, especially in the mining sector to relentlessly undergo mergers & acquisitions, in a race to become "Too Big To Fail" and obtain the blessing of government subsidization.
- MGA may be giving signals for a potential M&A with NexGen, and in such case, investors will benefit greatly, as NexGen is also a very appealing company.
- In the case that MGA finds a new deposit, investors will again benefit. Investors must simply be patient, as global interest will sustain promising juniors until they succeed during a boom.
- We speculate that the lumber squeeze that is currently occurring is only a small teaser for the supply squeeze in energy commodities to come.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
$URA first weekly 9 buy above 200 emaLots of talk around #uraniumsqueeze going on in WSB and fintwits. I did get a position in $UUUU myself last week since the price action peeks my interest.
Did a little bit digging, and this run is said to start from Sprott, a fund that started buying physical uranium thus jacking price up. I've been looking at history of commodity prices like $GOLD $SILVER etc. Bull runs tend to start after a strong breach of several previous lower highs and above 200 ema. Buying opportunities usually go in the form of a weekly setup 9 buy that is above 200 ema, and is also the highest weekly buy setup in a long period of time. In $URA case, this is the highest weekly buy setup in 5 years.
I will keep in touch with the news and track the price action in the following week. Position size are still small, however since the last 2 weeks' price action have been bonkers, I anticipate strong follow-through.
Ideal scenario would be a small pullback, then price moves up 25% of this month impulsive move. I will add on that break. Would also watch daily Demark signals for more entries.
CARBON FREE ENERGY IS ABOUT TO BE EXPENSIVE This is a simple story of clean energy and a Canadian firm
Countries such as JAPAN, THE USA, RUSSIA, UK, and FRANCE pushing for nuclear-produced hydrogen.
Nuclear power demand raised from 2% to 2.6 which supply capacity is expected to shrink through 2050.
If you have been following the Uranium market by now you probably know of Sprott asset management active uranium purchases in the spot market with reportedly over $1 billion in assets.
Even though right now governing bodies are monitoring "Sprott" buying activity but "it's nothing that's worrying them at this point" --- This is from a well-written article by J.HOLMAN from S&P Market intelligence
OUR OPINION
Little or no regulatory interference will push prices higher
Nuclear stocks are the next explosive stocks since cannabis and blockchain
Could also see prices of Metal commodities and large manufacturing firms see an increase in demand/ strength in business and positive earnings
Nuclear Waste Management spike in revenue and growth into the business venture long-term
It's HERE AND CHEAP why not just BUY?