LemmingsA small group of Lemmings through through UUUU. Let's hope their journey doesn't end at the edge of a cliff.
Uranium
Cabbage stashWe can see Cabbage stash formation at DNN. The future is dependent of strenght of the Racoon.
Second VultureSomething big is brewing at CCJ! Another Vulture is joining into the race. I smell big catch.
BTC Bear Casethis is my plan for a short scalp or swing on BTC.
liquidity has been taken at range high. Usually happen before a bigger move lower.
If we reject/hold below mid range im looking for shorts with targets marked on the chart T1 T2 and T3.
looking at ES and Nasdaq for confluence which look like a pullback is a high probability.
Again i dont care what way it goes.. plan for it and if your trigger gets triggered play it and manage risk.. Fu#k the Perma Bulls they will get you rekt..
VultureUnusual situation at CCJ. After earnings call hungry Vulture joined the race with Giraffe in pursuit of new abundant territory. From what we know from biology classes, there is enough room for both.
$PDN Paladin Energy PDN Formed a nice macro Bull Flag that broke out and trapped a lot of traders as it turned out to be a fakeout. These Breakout traders have since puked their positions on the fake breakout.
PDN then broke support and ranged under the OCT 2004 ATH. This looked like PDN was breaking down and about to go lower.. Exactly whaty a big Hedge fund would want you to think if they were building a position. they are hunting for liquitity imo.
Im bullish here for the following reason.
1.Reclaim of 2004 ATH acting as resistance.
2.Stoch in an area that tends to have a high probability for long setup
3.Small but Bullish Divergence on MACD.
A nice clean break and hold above 720 may start the next leg up on this stock
WyvernWe are slightly above backbone trendline. Hopefully we will close around tail area but prepare your SL at ass level.
GiraffeWild Giraffe appeared at CCJ plains. It seems that she has consumed everything at current position and is on the way to new abundant place.
$NVXwould like to see NVX come back and backtest the 2020 year high in blue,.
I will be looking for a retest and reversal at this level. At present it may be another liquidity hunt of lower timeframes.
Below and hold below 2020 year high and im not interested.
Uranium & 1000% gainsMy one and only take on Uranium & how I like this setup.
The future is green energy but I really believe nuclear energy is going to be the bridge to that future.
CaterpieA wild Caterpie appeared. Its short feet are tipped with suction pads that enable it to tirelessly climb slopes and walls.
CCJ - LONGA great swing idea in a major uranium player. At major support. Looking to for a push higher once the squeeze fires.
URA - 4:1 opportunity. Year long distribution patternWhat the market is presenting:
Neckline kiss setup
Daily view shows one year distribution pattern
Weekly view shows massive double top pattern
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Uranium as compared to OilQuick chart to demonstrate the correlation between uranium (I'm using CCJ as a proxy) to oil.
Commodities go where oil goes.
Oil always goes down when inflation rates go down.
$PDN PDNPDN
-Bull flag on Weekly chart.
-7 months consolidation
-Uranium Spot above $60
-Sprott listing on NYSE soon (potential)
-Weekly MACD bullish crossover
target marked on chart.
$CRR $CRR.ax-Bullish descending Broadening wedge
-Fakeout complete
-real breakout underway.
-targets market on chart.
Drilling started. plenty of news catalysts on the horizon.
Getting through recession before Cameco (uranium) bounces?In prior 2008-09 recession, Cameco massively underperformed.
In a high volatility regime for stocks (VIX > 20), equities overall tend to do poorly.
The arc (a @northstar badcharts favorite) suggest another touch down before resuming its uptrend.
Uranium the anti-COVIDThanks for viewing.
No, not as a treatment - please don't inject uranium as a treatment (if Uranium came in a bottle it would need a warning for Americans).
Competition? What I mean is that Uranium has been on a run starting from when the equity markets showed weakness - and has yet to show signs of slowing. I'm not sure what the relationship is yet, as crude, coal, and natural gas are down in 2020, which would make them more competitive as energy sources.
Energy Security? It could be that crude, coal, natural gas, wind turbines, and solar panels all have rather long, and as we have seen, potentially vulnerable supply chains. Maybe, it is about energy security. Uranium needs for the US aren't all mined at home so that wouldn't account for it - although adding supply from long-standing allies like Australia could probably supply the needs of North America while having security of supply.
Is it about the environment? That could be part of the picture - as long as everything is well managed. There is that "catastrophic and uninsurable" hazard if things go wrong. The energy itself is clean, although the capital expenditure is considerable. Finding a long-term storage place for the waste hasn't been solved yet in the US.
Hard assets? Expectations of future inflation in light of historic levels of quantitative easing and currency printing are possibly driving the search for hard assets with use-value. As I look around the markets, very little appears undervalued. Equities, bonds, treasuries, gold all appear to be, if not over-valued, then not cheap. The most popular store of value in the world, and the destination of huge amounts of funds: treasuries don't even seem to be worth a second look at the moment and any up-tick in interest would wipe out a significant portion of those positions.
Expectations of an up-tick in military demand? I certainly hope not.
End of the bear? Maybe it has been long enough after Fukushima that people see an undervalued commodity. There has been a significant rise in plans for new nuclear power plants.
Anyone have any plausible fundamental analysis to add?
New swing trade ideaOutlining a range of probable upside targets from percentage gain, expanding wedge, and fib extension.
Who knows, but If expanding wedge breaks to the upside, fireworks.
Possible Livermore Accumulation CylinderI worry for the uranium sector. Not because of the fundamentals, but because it seems that "the life changing gains" were only experienced during strong moves in stocks.
The Cameco $ccj chart does show promise though, I see a {Livermore accumulation cylinder} in the making.
Elliott Wave Analysis: Uranium Looks PromisingHello traders and investors, today we will talk about Uranium in which we see pretty nice and clean bullish development from Elliott wave perspective.
Uranium made strong and impulsive rally from March 2020 lows, clearly within a five-wave cycle which suggests a bullish reversal at least in three waves A/1-B/2-C/3.
After a completed five-wave cycle into wave A/1 at the end of 2021, Uranium slowed down into a wave B/2 correction, which looks like a complex w-x-y corrective decline that can be now approaching the end soon.
From technical point of view, ideal support is around former wave "iv" and 61,8% Fibonacci retracement that comes around 17-15 support area. So, once current wave B/2 correction fully unfolds, we believe that Uranium will be headed higher into wave C or maybe even wave 3.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
