DYLLooking For run into the Mid range into blue box,
Resistance turned into support and also a macro Swing Low Sweep which adds confluence.
Uranium
Cameco... Watch It GoThe second largest mining company in the world has one of the best looking charts out here when it comes to commodities. Price is currently breaking up and out of a pennant pattern, and lower indicators show that trend and momentum behind price support the move higher.
Train is leaving the station soon, load up now and add more at each stop.
Uranium Renaissance Solar, wind and hydro are not practical replacements for fossil fuels. Nuclear is, and U308 price is starting to reflect the sentiment shift toward the cleanest of green energies. The Fukushima incident created a selloff in uranium for nearly a decade, but the trend has since reversed.
Uranium price has been in a healthy uptrend which began in 2021 with price crossing above short and long averages, and now price is trending above all averages with all averages moving higher. Lower PPO and TDI indicators are showing bullish trend and momentum behind price.
Not much to not like about uranium and associated mining stocks right now. Get in while the gettin' is good and just hold the line from there.
PDNLower TF trade,
trading above the "Range high" marked on the chart.
Came back into range to take stops, shake out longs and fill the gap.
Back above 6.80 is trigger to get long for me,
Target marked on the chart.
back below 6.40 is cut and run time.
Uranium markets tightening up for volatility...URNM looking good.
Alot of tightening for YEARS.
This means volatility is probably on the way.
On top of that it is a relatively untouched narrative with a powerful idea in nuclear energy behind the markets.
Currently at a great position for buys.
URA still a little more downside for the next tradeRisk to reward will look quite good. and 40$ should be achieved.
After the breakout (the red dotted line)
UraniumUranium miners ETF on the Weekly chart
Massive bull flag, patience should be rewarded
- retracement of an impulse wave
-waiting for triangle break out
-countries moving back into nuclear power
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
Uranium long ideaUranium has been consolidating for a while now. It has been going back and forth between HKEX:19 - HKEX:23 range. First TP is the white horizontal line at $21.4 and the second TP is at $23.22
urnm one more low ahead?Looks like a little more room to the downside.
Before we will head much higher.
CCJ contracting Trianglethere might be a little more room to the downside, before we continue with wave 2
URA contracting triangleNearing the resolution. Could be the low. but..
It might as well retest point E (wave 4)
Is $URNM getting ready to pop?Confirmations:
- Double bottom
- Rising OBV
- Rising trend lines
- Extremely low Put/Call Open Interest Ratio for 5/19/23:
Put Open Interest Total 1,368
Call Open Interest Total 5,718
Put/Call Open Interest Ratio 0.24
$TIE
Looking for a push above monthly open and acceptance.
"Range low" has to hold for this trade to work out.
Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2
Worry about target 2 if we hold the first Blue box.
Yellow highlighter indicates liquidity and stops that have now been wiped out.
Recent news catalyst
"TIETTO MINERALS ( $TIE $TIE.ax ) has released " Tietto Ramps Up to Full Production at Abujar Gold Mine " on 20/3/2023 at 9:55 am AEST #Tech #Metals #Drilling"
$UUUU forming a monthly lower high? To see lower prices ahead.I know everyone wants to be bullish uranium, but to me the chart doesn't looks as great as everyone thinks it does.
$UUUU looks to be forming a monthly lower high, which could setup a move back down to $2.48 over the next year or so.
First stop on a move down would be $6.11, then $4.46, where I think we'd find shorter term support.
Then longer term over the course of the next year, I can see $UUUU heading back to the range it broke out from.
Let's see what happens.
URANIUM ROYALTY - Can we double in price???We had a small gap that just filled so now is time to look at this as a viable trade. A lot of geopolitical reasons to think Uranium will be in demand, like it or not.
seekingalpha.com
Uranium Royalty Corp is focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through physical uranium transactions. The Company's strategy recognizes the inherent cyclicality of valuations based on uranium prices, including the availability of capital in different pricing environments.
Hen is fedEarly at morning Hen nicely filled its Crop with some CCJ, followed by stable intake from feeder. This is not best outcome of this trend but at least we didn't ended crapped on the ground.
maybe uranium becomes an epic short againthe bull market turn around in uranium has made the news, and outlasted a broader energy sector comeback. technicals are threatening a reversal bac to bears, and the monthly-quarterly view is making a breakdown. if we maintain these resistances then i am betting on a massive short play in uranium in a 5 year daterange. short urnm and long ery on breakouts on down days in broader market.
$URG is primed for the next leg upThe red uptrend should hold to send it to higher to clear the golden resistance and get to new highs.
$SLX SLX back above the Macro Mid range, also back holding the local range low.
Looking for a quick scalp to local range high "target1"
If we break above and hold il start looking for longs to target 2 macro range high
Wrong below 2.76
Coal Futures NCF1!back into range 2 looking for accumulation in this range and a re-claim of the range high to get long on WHC.
Watching waiting and planning. patience is the key.
If it keeps dumping then let it dump see you in hell who cares.
BUT
if it accumulates and reclimas the range high., its time to pay attention.
DugtrioA wild Dugtrio appeared! No matter how hard the ground is, it can dig up to 62 miles below the surface.
Lithium Brine Penny Stock Long HereI traded this ASX name on the OTC at its 3x breakout last year and I've kept my eye on it as it has floated slowly back down to the breakout zone. Notice the patterns in the Relative Strength Index before it broke out, and notice what it is doing now-- easing and curving up. The ASX stock has bounced hard on support, so there is some arbitrage between the OTC and ASX tickers right now. I think that it's likely we see a similar parabolic move up if we break out of this descending wedge. Watch for headlines about their lithium brine project: that will most likely be the catalyst.
