Uranium
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.
Please like, share, follow, all that stuff if you like the ideas and especially if they work out for you!
Don't hate me if I'm wrong lol
#Uranium weekly crossoverUranium has plenty of Momentum moving forward in the larger timeframe. As we look at the weekly chart we can see that the 20MA is about to cross the 50MA. While on the daily the 50MA was acting as support.
$262 is acting as support and a bounce off that would keep the momentum going, though $257 is another possibility.
In the short term a small drop is more likely when you look at where the RSI and Stochastic RSI is placed. It is also hitting a large resistance area and this would be the 4th time trying to break it.
Taking a position in uranium with 3 Aussie Stocks is where I have placed my bets and see how it plays out, but has a great outlook.
Uranium: An early opportunity for a multi-year bull market?Uranium has broken through its multi-year bearish trend in August as it broke the Lower High trend line on the monthly chart. To the disappointment of investors it was rejected just below 30.00 and last week it touched the previous Lower High trend line again only this time from above. If it rebounds on that level, then it would mean that it would have successfully tested its previous long term Resistance as a Support. In turn this may create a sustainable (at least) Channel Up and establish the conditions for a multi-year bull market. The monthly chart is on neutral technical action (RSI = 47.913, MACD = 0.320, CCI = 10.3162) which indicates the presence of a support level.
Investors who seek early buy opportunities on undervalued assets and bull cycles in the making before much attention is drawn, should definitely start taking a closer look at Uranium. Our target is 33.50 with 44.00 as a possible extension.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
CCJ to 25.81 following rising uranium spot priceLevels from early 2000's have been defended with solid buying support. Rising Uranium spot price benefits the producers, and CCj have the luxury of some of the biggest reserves on earth. Fib trends from two blowoff tops on previous rallies lead to a clear confluence of the 0.382 from 2007 and the 0.5 from 2011.
Expected timeframe is 2-4 years depending on economic cycles outside of the scope I can predict.
SWU - Momentum up after 4 year squeeze.This is gonna be an interesting squeeze to watch and see how it plays out!
Was in a period of consolidation for 4 years and has now fired long on the 2 month.
Also has a squeeze on the 5 month, which is the highest time frame available for the ttm for this chart.
Western Uranium & VanadiumWSTRF is US micro mining stock with two valuable metals with upward pricing.
WSTRF
Uranium Oxide and Vanadium Pentoxide
Mkt Value is micro at 47M, so going upward based on its natural ore resource assets.
Was down near 32-33% and up 21.5% today.
Play with own money, no advice given. Do own research on high strength steel and nuclear power (no CO2 output) and gaps in both resources for next 1-5 years.
Uranium, A Closer Look at the Commodity PriceA few days ago I put out analysis on the Uranium miner ETF AMEX:URA . This ETF is probably the best way to get involved in the Uranium price action and stay diversified. But I wanted to take a look at the commodity price, as this will be the driver of new and existing mines opening up and miners increasing their profitability. The price can also give insight to whether the public is ready to start demanding Uranium and increase it's use as an energy source.
If you're looking for a more detailed article on Uranium, you can visit AssetGuild.com .
But here on TradingView, we will focus specifically on price.
The price of Uranium has been in a deep depression for 11 years. It safe to say it might be the most hated market in existence. This fact alone is why I'm giving it a closer look. Overall, the price is down 80% since it's highs.
What's worth noting, is that UX1! has broken out of a long existing triangle pattern and is looking like it might be in the process of forming a bottom.
Uranium has been quickly breaking above it's moving averages and holding healthy support on the 100 and 200 MA.
The 100 has now crossed the 200 as well.
We are now making new 2 year highs which is a promising note. The key here is that price holds support around the $26 range and on it's moving averages.
Though volume is still low, this price action may be a signal for interest coming into the Uranium space.
Feels good to be watching things develop at such an early stage.