Uranium
$XLMUSDtXLM is currently trading around range low marked on the chart.
My Trigger plan for this is a breakout of the falling resistance and a relaim of the 2021 Low. This would mean a deviation of the 2021 low and would be bullish imo.
My targets are market o the chart are are essentially the Mid range and Range high.
If it dosent break out above the falling res and reclaim the 2021 low then i have no interest.
patience patience is the key here. size it right so it it fails you don't get wiped out or take heavy loss.
$UUUU looks like it will fall (again) - back to $6.44 minimumThe bulls have come out of hiding, and have started beating their chest again, calling for new highs-- but the chart says otherwise. While I know there's a lot of fundamental news that makes people want to think the Uranium sector is going higher, the chart doesn't line up with the fundamental narrative. Just like it didn't when I called for the price to drop back in April (see related ideas below).
If we look at the chart, price is retesting the structure it broke down from back in May. It's now testing the $8.24 resistance and I expect to see price to retrace from this level back to $6.44. If support is able to hold there on a retest, there is a possibility that price could go a little higher and test the $9.17 level, which I think would pull in a lot more bulls. But price would need to break over that level and confirm for me to believe that there might be a trend change.
Otherwise, if we look at the chart, $UUUU is just forming another lower high, which should take prices lower.
The first support on the downside would be at the $6.44 level, but if that were to break, the $4.81 support has already been tested 3 times, and I think if price breaks down to that level, the support should break and take price down to the $3.57 level (or lower).
I'd be cautious if you're long here.
BTC long idea Plan and Triggerthis is also not a prediction but a plan for the long side of this trade.
BTC is currently holding the R2-H, if it gets above the and hold's that Green S/R level, breakout of falling resistance and gets above EMS on 30 min chart and 1 hour chart, That's will be the trigger for a Long to Range H, Target 1 and Target 2
still some juice leftstill some juice left still some juice left still some juice left still some juice left
See you at the bottom.. We are in for a rollercoaster, rampant inflation, quantitative tightening, interest rate hikes, supply chains up-rooted, aggregate demand killed by mortgage rates/energy costs/cost of living crisis (global recession inbound).. don't see how this doesn't go down to 3000 / possibly Covid lows.
Buys: Uraniam, LNG, Solar/Wind, Fertiliser/Potash, Litigation firm
UROY LONG SETUPNASDAQ:UROY
On the daily chart UROY which is a uranium royalty play
is at a three month long. Outlook is good when energy
costs are rising and uraniums is widely considered
more green than Oil, natural gas and other CO2 producing
fuels.
The RSI Oscillator is in mid-range. Within the past
few days, a high spike of buying volume is noted.
A Doji candle a few days ago signaled the reversal.
It is there that I will set the stop loss.
I am targetting a 40-60 % retracement of the downtrend
mindful of the Fibonacci levels and so about a 20-25%
upside.
8/24/22 UUUUEnergy Fuels Inc ( AMEX:UUUU )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 955.43M
Current Price: $7.30
Breakout price: $7.35
Buy Zone (Top/Bottom Range): $7.10-$6.10
Price Target: $8.70-$9.00
Estimated Duration to Target: 40-42d
Contract of Interest: $UUUU 10/21/22 8c
Trade price as of publish date: $0.65/contract
URAs breaking out on volumeUranium miners jumped over short-term resistance this morning (9 & 21 DSMAs). With strong volume at 11 am and support at 200 DSMA having held from two days ago, I'm looking for URA to maybe catch its breath at the 50 DSMA before pushing through and targeting 28 in September.
$92e Energy Limited92e currently trading below that important daily range low. Previously a move above this range low and re-claim saw the market move higher.
Bullish Scenario:
-Double Bottom
-RSI Small Bull Div
-MACD Big Bull Div
Plan:
looking for entry at @425 or below as i think it will be the backtest of this double bottom pattern that played out in the past.
If market does not give this backtest then P2an 2 will be to buy the re-claim of that important daily range low @ 485
Protection:
if market trade's below that double bottom @380 its time to jump ship and reevaluate the next plan.. A quick dip below 380 and re-claim of MAY 21 AYH level will give me a signal to enter again.
Hope this helps.
UNRANIUM READY TO 55.0 - CTSI can belive this
Is uranium ready for 549$ dollars? Unbelievable
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
$LRS Latin ResourcesLRS is currently using the range high of that consolidation block weekly range marked on the chart. this range is important as this range was the last range before the market had a huge bull run march.
I have targets market on the chart, I will Cut if we get back and close below that weekly important range.
lets see.
Double cup and handle U.S dollar blow off?With more rate hikes coming in the future due to inflation still being too hot, this could be a reality. When commodities stop falling in the future with a dollar pushing higher (2023?), that should be a good time to really back up the truck with physical gold and silver #1. #2 Mining stocks in gold, silver, copper, uranium, steel, etc should also be on your radar for deals you never thought you'd get. Tech boom done, next is a Commodity Boom after an all out assault to smash inflation. Good luck everyone.
NXE (Uranium play) bull flagging to set up coming +/-20% gainsI bought NXE today at 4.05 after seeing this nice bull flag setup. I am targeting 5 as a sell target, approximating at 20% gain from my buy point, which could be undercut on Monday. Notice two days of significantly increased volume: 1st on attaining a higher high on 7/27, than again on 7/29 representing the breakout and follow through from the down sloping trendline. Additionally, NXE has been out pacing the S&P 500 since its (NXE's) closing low on July 5th (comparison not shown on the chart). Could be a sign of things to come.
8/10/22 URAGlobal X Uranium ETF ( AMEX:URA )
Sector: Miscellaneous (Investments Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $21.60
Breakout Price: $21.80
Buy Zone (Top/Bottom Range): $21.45-$19.85
Price Target: $22.80-$23.20 (1st), $25.90-$26.50 (2nd)
Estimated Duration to Target: 30-32d (1st), 99-106d (2nd)
Contract of Interest: $URA 9/16/22 22c, $URA 10/21/22 22c
Trade price as of publish date: $1.05/contract, $1.50/contract
Uranium Energy Corp having a meltdown. UECWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe