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Uranium

UUUU - Could Go Either Way Short Term; Bullish Long TermClosed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only vanadium produced in the US. The section 232 for Energy Fuels will be absolutely massive if approved and based on Trump's previous policy, that seems fairly likely. However, if denied it will destroy a lot of enthusiasm. The 232 was filed Jan 16th, 2018, and they were federally inspected a couple months ago. Once an investigation is started (started in July 2018), the final decision must be made within 360 days.
AMEX:UUUU
by green_brow
3
Uranium (URAXPD) Summary for End Week 4 - 2019So after a volatile 2018, is this Uranium's year to shine? Well we've had 4/5 very good weeks but imo we still have some way to go yet before we can consider this a bullish period. On a technical basis the chikou span, tenkan sen and kijun sen and kumo are all yet to confirm a bull run is underway. Fundamentally not much seems to have changed other than the UK government doing its best to screw-up its energy strategy once again with the problems at Hinkley and Hitachi pulling the plug. It's not a great look for nuclear as a whole, but on the brighter side it may open up the better option of the RR sourced smaller more compact reactors that are better suited to the world in 2019. WAIT
ULong
by mikhem
Possible Trend Reversal Expecting a Breakout SoonLooks like the bear market for Uranium ETF will be over soon. The price of URA has been in a bear market since 2011 with a high of $130 losing about 90% of it's value dropping as low as $11.25. On October 2016 it started a small rally that ended with a shooting star candle with the 150 Weekly MA acting as resistance at the price of $19 Top. Since then it has been forming a triangle of higher lows with the price of $11.50 acting as support. That triangle is expected to break by late 2018 to early 2019. As the current market conditions for commodities which overall are at the all time low, it shows chances of maximal financial opportunities. We are currently close to test the resistance at the range of $13.75. Breaking that level would take us to a new higher high changing the over all trend Uranium ETF. I'm not a financial advisor, this is my personal opinion. Only invest what you can afford to lose.
AMEX:URALong
by NL_LINK