Uranium
Long UUUU rebound Trump did not approved increasing import tax from 7% to 25%. That would greatly benefit domestic uranium miners, such as Energy Fuels Inc. Trump did not approved simple tax, but called for a working group to evaluate and work with industry how to help domestic uranium miners, so USA would be more independent on their Uranium purchases, citing national security. 36% sell off is big overreaction, turnaround for 232 petition isn't what everyone expected, but it's not bad, it's quite positive actually. Meaning in 90 days, UUUU should at least once touch area 2.5-2.8 USD, if not because of fundaments, at least because of TA.
UUUU Wave AnalysisSharing my primary chart as discussed on my YouTube video today. For full details, please watch that YouTube video. Can be found on my Twitter.
Uranium stocks have seen a massive volume pick up in recent months. I don't necessarily believe these are instant buys, but I believe that we will see a massive move up once the correction completes. Pay attention to this market. If you see bullish news start coming out, it's time to HODL.
UWE U3O8 Uranium wedge pattern Intersting ultra low stock uranium
Risk reward is amazing
Uranium price will explode (not nuke power)
UUUU Entry 2.69 #UUUU #URANIUM #STOCKSFirst trade in uranium personally as I see some potential for growth.
My entry here was at 2.69 today. Stop Limit set below A as if it breaks this level it invalidates the triangle count. Good Risk to reward here, always manage your risk and set a stop loss it's the smart thing to do!
Cheers,
Marc
Uranium UEC long for up to 50%Uranium in the states 'must be brought under domestic control/production' so expect these companies to do well. This on is at a strong support, missed the break out through the cloud (that was also on news), but the entry is still good seeing as how they haven't even recovered back to their pre xmas avg of 1.70.
Buying now and looking at 1.70 to get out, sill keeping an eye on the 2$ high mark for this to gain by the end of June if not sooner.
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Don't hate me if I'm wrong lol