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.
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Uranium
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
$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.
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.
UUUU Energy fuels potential bull flagIt is early to state but I just found that Energy fuels(UUUU) could be in a bull flag. It could stay in it with retracement taking us back as low as 50% from the peak which would account for $3.48. If it was the case, then after breaking out to the upside potential price target would be around $11-$12. Taking into consideration uranium market condition it is not that far-fetched.
Standard Uranium: Uranium Explorer in the Athabasca Basin This company has begun its drilling in a uranium rich region in northern Saskatchewan Canada. The neighbouring explorers found Uranium on the same geological structures. These companies stocks went up 10-20X after releasing the discovery. Uranium is in hot demand right now on the lowlow. Life changing money here if they get good results.
CCJ Elliot Wave analysis CCJ very strong company fundamentally with very strong assets. Uranium bullmarket started this year and will continue for the next decade as electricity will be in high demand. Nuclear energy will be inevitable. CCJ is the worlds biggest publicly traded uranium company.
PT shortterm $35-37
PT longterm $60-100> depends on agression of uranium bullmarket..
~slippe
DNN Elliot Wave analysisFundamentally not a very good company. Not profitable currently. DNN is getting caught up in the uranium bullmarket explaining the increase. DNN has some big projects starting up and with increase of uranium demand the company has a very good shot at getting profitable in the medium term. (Note: stockdillution will probably not happen because DNN has internal sources of cash flow from the management of the Uranium Participation Corp. and Denison's Closed Mines Services.)
PT shortterm $3.30 (based on elliotwave)
PT longterm ?? can DNN become profitable? How agressive will uranium bullmarket be?
~slippe