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Uranium

CCJ reached important macro-resistance zonePrice has reached an important macro resistance zone: 39.40-45.91-48, that coincides with 0.618% extension of wave I (2000 low - 2007 top time span) from wave II bottom (2020 lows). Monthly view This 0.618% extension aligns with standard 2.00% resistance of the fifth wave - wave (5) - of first impulsive structure (wave (1)-(5)) that started in March 2020. If price stays bellow the top boarder of the resistance zone (48), the structure is prone to the start of the possible multi-year correction to support zone: 20-12. I price will be able to move confidently above 48 and close above it on volume support for several session, than the proposed price structure needs to be revised. Next resistance zone in that case is close to 76-80 area. Breaking bellow 21ema with volume increase could be confirmation sign for the larger correction starting. This levels could be used by any shorts with 21 ema or prior (Feb 2021) left side pick at 44.81 as a covering guide (with resonable 2-3% latitude). Thank you for your attention!
NYSE:CCJShort
by artemfedorov
RiskMastery's Breakout Stocks - GLA EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential . In this edition, we'll be looking at ASX:GLA ... I believe this code is at a point of potential volatility. If price can hold above $0.033 ... Bullish potential may be unlocked. My key upside targets include: - $0.048 (Conservative) - $0.057 (Medium) - $0.075 (Aggressive) If however price falls below $0.023 ... Bearish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and/or comment below. MR RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
ASX:GLALong
by Bullfinder-official
CCJ... are we destined to repeat the past?just some coloring.. could we sell our charts as arts? okay, kidding. i like CCJ..check out the 9/17 calls 28 strike and the 10/15/21 28's (really anything between $20 and 32ish) Price prediction. IMO. is bullish. Do i think this exact thing will happen? ..not at all. i just wanted to draw but its making stops and hitting locations just like before. trade safe my friends -Benz951 {edit} short term- ups and downs for Options. Puts winning as we come back down from hitting the intraday high. id expect a small continuation monday morning, to only bounce and go back up.
NYSE:CCJLong
by Jbridgez
5
Supercycles in commodities - i.e. Bitcoin, UraniumSupercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued. In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the rewards of mining bitcoin), which is causing supply-shock and aftermath in the form of speculative bubble. I strongly believe we are about to see a supercycle in Uranium in the following years. Spot price of that commodity is right now under-valued to such an extent Cameco (one of its largest global providers) is buying it from the spot market in order to meet the contracts and keeping some of its mines closed (waiting for the prices to rise). Currently there are about 440 active nuclear reactors and 50 being constructed (more than 10% of the actual number) mainly in China and India (respectively 16 and 6 as of March 2021). Interesting pair, isn't it? If the rest of the world does not want to stay behind they will have no choice but to follow that direction. Nuclear energy is not opponent of wind and solar energy. It is their carbon-free companion versus the coal. Technicals: We are confirming the falling wedge break-out right now. If price action will succeed to do so, there might be rally much quicker than I expected when I first opened position.
NYSE:CCJLong
by papaya_musical_analysis
Uranium Energy Corp (NASDAQ: UEC) In-depth Analysis The previous day’s close for UEC stock was $6.07, and it opened slightly lower at $6.06. Throughout the day, the stock experienced a range between $5.93 and $6.09. The trading volume for the day was 7,439 shares. The market capitalization for UEC is currently valued at $2.2 billion. When examining the company’s earnings growth, it is evident that UEC has faced challenges in recent years. The earnings growth for the last year was reported at -146.91%, while the earnings growth for this year stands at -266.67%. In contrast to the negative earnings growth, UEC experienced a significant revenue growth of 609.77% in the last year. In terms of the company’s financial performance in the previous year, UEC reported an annual revenue of $164.4 million, but unfortunately, it incurred a net loss of -$3.3 million. The net profit margin for UEC is -2.01%. Price Momentum UEC is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
AMEX:UECLong
by DEXWireNews
The 1. Chapter of Cameco - Long - It shines and its dangerous Long scenario for Cameco. Fundamentals: Second biggest Uranium producer in the world. Based in Canada. While Russia (on Position 6 ) and Ukraine (Position 9) are fighting a war + sanctions against Russia. TA: Could see something like the orange arrow happening. A far safer approach would be to wait for a break of Level 1. However as i´m willing to hold this position for quite some time + watching my risk management. Requirments: - none Invalidation: - none. Willing to hold it for a long time. - Would be considering partially closing my position if price went lower than the yearly open and generating lower swings. Good luck
NYSE:CCJLong
by a_tale_of_bulls_and_bears
$92e This is not a bullish chart BUT.... Its a Uranium Explorer, which makes its extremely volatile and prone to huge price movements just like back in August 2021 it moved 430 % in 5 weeks. Explosive, At the moment 2021 Yearly OPEN and the 2022 Yearly low are CAPPING the price action. This level has acted as an S/R level 6 times on the weekly TF and is being respected greatly. SO we have to take notice. What's interesting to me is the volume has picked up greatly since July 23 once that Key level broke. I think this is starting a capitulation phase and the question you need to ask yourself is. Who is on the opposite side of the selling pressure under this level. Im personally looking to accumulate a small position in this under this key level, and More if it breaks above the "breakout" line marked on the chart. But like before it may just go and go hard and not give the opportunity to ape in on the breakout. This thing is extremely risky so if all gets lost well so be it. Prudent risk management is key and to not oversize.
9Long
by gillman_hugh
2
URNM: Immediate potential to 55+, but if price breaks 10w MA......I cannot rule-out one final macro-decline wave towards support area 25-20. I like the impulsive move from Mar. 2020 bottom towards Nov 2021 top, that had almost perfect match with the key Fibonacci retracements. Especially notice how Nov top at 51.75 coincides with 1.00% ext of wave (1) projected from wave (4) and near first key resistance zone of 1.764% (of w.(1) from wave (2)). Though the long lasting correction from Nov'21 highs doesn't look finished, due to advance from mid-term Jul'22 lows having yet only three waves, I still can entertain bullish (diagonal) set-up if price manages to hold 10W MA, consolidate around Sep'23 highs and break out above 50 resistance line (as per the green count). I also like how price got volume support while touching the 10W during local correction from the Sep'23 highs, showing that there is potential interest from institutional money around that area. Trading plan: I have entered initial long position, with todays break-out above the cheat pivot area of 44.75. I will be quick exiting with small single digits loss, if price will be able to follow through the following days. Important notice: Elliot waves and fibonacci retracements are a very subjective form of analysis and I don't personally trade out of them. I use them only for the purpose of gauging structural potential of any assets, that allows me to put more confidence when low-risk trading set-up emerges. Author's personal multi-years trading experience convinced him that analysis and opinion doesn't pay, only price pays and that one shall not ever argue with price.
AMEX:URNM
by artemfedorov
Uranium demand is looking bullish, can #CCJ continue to rally? With COMEX:UX1! spot prices surging by nearly 50%, the performance of NYSE:CCJ has been nothing short of remarkable since it broke out of the wedge pattern in June this year. A significant increase in trading volume further exemplifies this rally. As uranium spot prices continue to show potential for further gains, the question arises: can NYSE:CCJ sustain its upward momentum? Several indicators suggest a positive outlook. 1. The MACD (Moving Average Convergence Divergence) has recently formed a bullish crossover, signalling strong momentum in favour of the bulls. 2. Additionally, the stock is currently positioned at the 50-day moving average. 3. Furthermore, NYSE:CCJ has successfully tested the $36 resistance level, which has now turned into support, making for a robust double-bottom pattern. All of these technical signals point to a favourable long position. Investors speculating on NYSE:CCJ at this juncture may stand to gain healthy profits if the current trends persist.
NYSE:CCJLong
by sajalgoelin
Yellowcake PLC making moves Yellowcake Plc - OTC:YLLXF - $6.64 ps - Potential Ascending Triangle with breakout and a re-test of underside support The beauty of all of these stocks is that the ETF has broken out into an upward trend and now some large and smaller Uranium miners are also breaking out with similar patterns of pennant breakouts and ascending triangle breakouts. We do have overbought RSI so its critical to have tight stop losses set under the base of all moves. Interestingly Light Crude Oil looks to be bouncing at the moment too, as is Gold and Silver. Commodities really are starting to glow and no wonder with currency risk on everyone's minds. PUKA
OTC:YLLXF
by PukaCharts
Uranium Mining OutlookURA in a 3rd wave and could possibly have topped here at the 28, but it also could be setting up higher for a 5th wave finish 32-36 area. When I first looked at it, I saw the possibility of a great buying opportunity in the $14-16 area if things break down. Right now I think we need to hold the $24-22.5 area to keep this bullish move upward. Otherwise the 14-16 becomes a greater likelihood and then will have to start seeing if the projections of the move line up to that target of $14-16. Not financial advice
AMEX:URAShort
by cryptowaveman