UEX - No words needed.! 2000% Run imminentBreaking out of huge downtrend, testing the most important monthly for the 3rd time, 4th will break! Let's go!
Uranium
Buy the dip on Uranium CCJI drew these trendlines about 2 weeks ago and since then the price action run like clockwork. Just used this to load up more on uranium-heavy bags. The white line is from multi-year falling wedge which was tested again and showed strong support. My actual price target is near ATH. I think we will miss the opportunity of CCJ below $20 soon.
Uranium is similar to planes. People are usually more afraid of flying than driving, but numbers do not lie and show that planes are the safest mode of transportation. I think the sentiment is shifting and the risk is to the upside.
URANIUM UXC U308Uranium is set to move much higher according to this Ichimoku Cloud chart. The cloud has turned from red to green and the price @ $30.50 is hovering just outside of red cloud. Blue conversion line passed under yellow base line and is now outside of the red cloud. The most important confirmation is that Lagging Span is outside the green cloud as well. Looks like all 4 requirements are met.
Also Stoch, MACD and RSI are looking very good and in uptrend mode. Looks like this week uranium sector is ready to move up nicely along with a spot price.
URANIUMToday we have reached a critical point in uranium spot price $30.50 which a resistance line. When breakout takes place above this price 20 DMA will cross 50 DMA. 50 DMA will be ready to do a GOLDEN CROSS by passing 200 DMA. Cup and handle in formation. Everything pointing to a serious move in a spot price which will positively effect a share price for all of the uranium miners. Good luck. Holding and Long
DNN possible target priceUranium sector is consolidating at this point and time and is gaining a momentum for a new move. Fundamentals are strong with 60 millions pounds deficit. DNN will be the largest and resource of U3O8 in the world. Smart move by scooping up physical metal from a market is just accelerating the inevitable. Bullish pennant is just another confirmation that it is ready for the next stage. Possible projection with overshoot price is around $2.7, and most likely will settle around $2-2.2. Also inside of the bullish pennant what appears to be is reverse head and shoulders. Market is ready to fire on all cylinders after JP announcing another 3T of Brrrrrrr money. Good luck
CCJ possible price and time frame CCJ had an incredible run in a short period of time with multiple pullbacks which developed bullish pennants along the way with new ATH. Currently in consolidation mode with another bullish pennant in process. Looks like we have landed on a support line today with massive sell off due to Red Army attacking the market crashing pretty much all sectors. New target ATH $24.64 with approximal arrival of April 23rd. Like I have mentioned in DNN analysis Uranium has strong fundamentals with 60 million pound in deficit production
DNN forming a bull flag, good entry to a long term play. Denison Mines is a uranium exploration & development company located in Toronto, Canada. They own 90% of the Wheeler River Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin region in northern Saskatchewan, Canada.
They just raised $86.3m to buy physical uranium as an investment, which is tightening up the already short supply of uranium and further driving up the spot price. And recently, in a press release, Denison announced it was being added to the SP/TSX Composite Index and the addition took place this Monday (3/21), which means there will be some bigger players stepping in now.
I think this play has a lot of long term potential. A fast growing supply deficit of uranium and the Green New deal, I think this could play out nicely short term but I'm holding long term.
This is not financial advice
ASX:BMN BULLFLAGBannerman Resources Limited (ASX:BMN) is an ASX and NSX listed exploration and development company with a 95% interest in the Etango Uranium Project in Namibia; a southern African country which is a premier mining jurisdiction.
Bullish Outlook:
- Bullflag Identified
- Double Bottom off Daily Support
- RSI above 50.00 level
- MACD Bullish
- Volume increasing over the last 4 months
- Above 20 MA
- Targets above 1:2 RR
Bearish Outlook:
If previous high fails, then a test off daily support is likely. If bearish action continues then test of 8-9c is up next.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
DNN possible price action Spot price has reacted to DNN and UEC buying physical metal, currently @ $29.65. If stock price reacts to this tomorrow and we close in green candle above red open on daily then it is a very good sign. Also MACD is about to cross over from red to green.
CCJ ON A MISSION?Last monthly at 14.29$ wasn't properly retested yet, so to continue in this Bullrun I'd like to see this support claimed.
Otherwise, I see a steep growth continuing up to the monthly at 33.81$ once spot uranium gets bought up.
Beware of the green gap.
PENINSULA BREAKING OUT????We broke the middle of the longterm downtrend channel with volume in December BUT left a gap at 0.090, so be careful of that.
Besides the gap, we bounced perfectly on the 66 Fib retracement.
Once we break the upper channel line of the downtrend and claim the upper line of the current channel, its fly time for Peninsula
Energy Fuels ranging, Breakout 7.43$Expecting a small range getting built here.
7.43$ Monthly and the whole area is a HUGE resistance.
Once broken, strap on your seatbelts
$CCJ Bullish outlookOne of the most technically pleasing charts that I've seen, with a wave 2 and 4 on .618 retracements and on track to hit the 2.618 fib level as a wave 5. Long term this whole sector is going to explode, and although I added a position on an already extended position, uranium spot price added 21% year to date to it's value.
Paladin Energy Moon Mission!!!Retested the .618 on the monthly chart. I assume several hundred percent gain from here.
Uranium Energy starts a new trendChart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 2.69 USD
UX1! Uranium Price is Ready to move upWith current 60 million pounds annual deficit production price has to move up North substantially. From technical point of view Stach and MACD indicators pointing that price will start moving starting this week. Movinng averages are pointing down at this point but that could change with price moving towards $30 range and above.
Cameco CCJ 25 to 30 on this movewant to stay above 15.4. think good risk reward here.
not financial advice
