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:
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Uranium
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
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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.
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.
$URA double top, target sub 10?Looking at the chart, we've just formed a high timeframe double top. Unless price can break resistance and confirm it as support, price is heading down.
Based on the structure of the chart, if the midline gets broken at $18, the target of the move should be sub $10. Hitting the lower supports around $6-7.
If we get down there, that should setup a great multi-decade buy.
Let's see how it plays out.
Silver stocks ready to outperform uranium stocksThe ratio of SILJ (junior silver stocks)/URA( uranium stocks) has reached its A-B-C target and double bottom area.
It is also showing a bullish divergence on its momentum indicator.
We like very much the uranium sector over the long run but are expecting an out-performance of silver stocks over the coming months.
Uranium: One last climb 🧗♂️Uranium has now reached our orange Target Zone between C$26.86 and C$28.77. According to our primary expectation, this is the area in which we locate the high of the green wave (B), which is why the price should now make a small final rise before reversing. Subsequently, a pronounced sell-off is then on the cards with the green wave , which should reach the support at C$12.17.
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.
Uranium: Final Breath 💨As part of the green wave (B), physical uranium recently experienced a small setback, but the short-term upward structure remains intact. We need to give the upcoming corrective rallies more room to the upside, which should be followed by a strong sell-off in the course of the green wave (C).
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
$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.
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.
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.
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
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
Silver - A 50% Long Setup. Trade Only. No HODL.In a post on Silver from June, I analyse that a run to $33 is on deck:
Silver - 33 Moons And An Options Opportunity
In the time that has passed, we've had two ~10% bounces that have been sold off.
To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on deck.
However, I'm also expecting a very bearish September across all markets, which I outline in a recent call on Nasdaq:
Nasdaq Futures - Are You Prepared For Red September?
Because I believe that we'll have a giant rally that takes out the tops of a lot of things heading into the end of 2023, and 2024 will mark the beginning of the real economic calamity.
When it comes to silver and gold being bullish in the long term, they should be, but the market manipulators will keep price supressed for a few reasons.
The first is that a renaissance in precious metals, or even a bubble in precious metals, will amount to promoting bullion, coins, bills, and even ore. These things are mankind's traditions, and are at odds with the current International Rules Based Order (IRBO) pseudo-Chinese Communist Party culture that more or less wants to install something like a cross between Shanghai's Zero-COVID social credit system and the Taliban.
The second is that China, which is still governed by the CCP and Xi Jinping, has bought an incredible amount of gold in recent times, if reports are true and not fabricated at least.
And so a short raid on precious metals would amount to a de facto economic sanction against China, which the IRBO claims to be de-risking against.
Moreover, if something should happen to the Party, whether that be natural disaster, a greater pandemic, Xi performing a Gorbachev-style coup against the Party overnight, or Heaven finally dealing with the CCP's 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners, because China holds so much gold, there will be open selling into the market.
Prices will crash because the very wealthiest families on this planet are safeguards of tradition and will take advantage of the situation to purchase back that physical bullion and jewellery at record low prices amid the chaos.
"Buy when there's blood in the streets, even if it's your own," they say.
So here's the current call on silver.
The fake double top below the early May gap at $25.5~ is definitely manipulation.
It's traded back too far and hasn't shown any bullishness to give us confidence that we're going to go from $23 to $26 or $27 as a breaker pattern.
Because "resistance" has been printed, many very large players and retail traders who are short will position their stop losses over $26 and $27.
This becomes a target.
And in the meantime the goldbug moonboys have long stops under $22 and $21, which just so happens to be an untested gap.
So the trade here is to either look at a short on a retrace to $24 with a target of $21~, or just wait for $21 with a target of $33 by year end.
And then sell it all. Sell your spot. Sell your bullion, if you can't be hedged short.
Silver will eventually truly appreciate, and in a significant way, but it's not very likely to manifest before the new future unfolds.
And so in 2024, we may really see numbers sub $15 again. Ergo, because metals are, in reality, ranging and not trending, it's not a market for "buy and hold" to be an intelligent strategy.
Good luck.
Uranium Miners: No more mining for now ⛏️The Uranium Miners ETF has now reached the level where we expect the top of the magenta wave (b). Based on this development, we expect the wave to end and transition to significant declines, which should go below $24 and end the turquoise wave 2. If, contrary to our scenario, we see a rise above the resistance at $41.23, our alternative would activate with a probability of 35% and within the magenta wave Alt.(b), the next target would be the magenta target zone between $49.72 and $57.67.