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URNM

Uranium Slingshot Cheetah Pattern Incoming!!I have identified 3 different types of similar variations in URNM and URA ETFS which show us that we could be in a cusp of a huge explosive move to the upside. These shakeout patterns are almost identical to each other with the same behavioural patterns before a big move to the upside. 2 humps which are almost like a H&S pattern followed by a huge flush down to break the upwards trend then bouncing off the 200 DMA with a complete reversal to the upside. All of this is happening at the same time we are bottoming on the URNM/UX1! ratio with huge positive divergence on momentum indicators
AMEX:URNMLong
by AxeCapp
2
Uranium could explode back half of 2024CCJ leader of uranium. CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024. We are in the final flush out stage 7 before an explosive wave 8 up. The chart on the right shows CCJ/SPX. You can see we are in the final bearish flush-out stage before CCJ starts outperforming SPX massively. The ratio also signals CCJ is a long way from outperforming SPX so the real bull has not even started yet. We can confirm this analysis by the miners underperforming the metal - URA/U.UN. Once the miners start outperforming the metal, the real bull takes place as we are on the APEX of that happening soon. The Junior miners will be the stars of the show when the big capital rotates into the smaller developers and explorers.
NYSE:CCJLong
by AxeCapp
UEC an uranium miner rerverses and warms up LONGUEC in the past several days has put in a double and bottom appears to be gaining bullish momentum based on the trend angle from today. The volatility indicator triggered buying price pressure five days ago as shown on the indicator and encirled. the volatility of yesterday and today may be shorts covering to close synergized with new buyers. The uranium sector is heating up at this time. Many of the stocks in this sector are over the counter. The ETFs are URA and URNM. I will add to my long position in UEC now.
AMEX:UECLong
by AwesomeAvani
1
UROY Uranium finance lease mining play LONGUROY does royalties foe uranium mining ore to refined et cetera. On the 60 minute chart, it has been on fire this week picking up 30% in market cap showing explosive volumes at 5X and sustained. The past two days have been rest and recuperation in consolidation. The zero-lag MACD suggests there is more upside in the near term with a line cross under a histogram rising from zero. The advanced RSI indicator shows a relative strength pullback from 80ish to about 65 and surprisingly the linear regression lines suggest an oversold state at present. I will take a long position here which may be risky at nearly 2 standard deviations above a rising mean VWAP and extended from the POC line of the volume profile but the supertrend indicator is showing a stepped rise and that is good enough for me. I have a new position in UEC a penny energy stock in the uranium subsector.
NASDAQ:UROYLong
by AwesomeAvani
5
UROY Swing Trade Recap Volume Profile Analysis LONGUROY on a 15-minute chart with the volume profile and the EMA cloud as the indicators demonstrates a one-week-long swing trade. Both stock shares and inexpensive call contracts were traded. The stock trade profit was 30% over five trading days ( MLK Holiday ignored). Options dramatically more profit for the expiration of 1/19th. The analysis, setup and trade management occupied about 5 minutes per day as assisted by typical alerts and notifications on the indicators as per TV. The options contracts were closed as they were expiring later that Friday afternoon. The stock position could have continued over a closed market weekend but I opted to close the the entire position of stock simultaneously with the options. This idea demonstrates the utility of the volume profile in this case applied to a penny stock the hot uranium subsector within the energy sector at large. See also my other ideas on UROY and also UEC. The profits here will be used to take another long call option for UROY striking $ 5.00 for January 2025 sith some change left over for the next re-entry.
NASDAQ:UROYLong
by AwesomeAvani
UEC an energy penny stock pops out of ascending channel LONGUEC is a uranium company somewhat independent of the oil, solar and lithium stocks that dominate the energy sector. Nuclear is touted as green and not contributory to climate change with no carbon impact. It pollution or radioactivity is self-contained and isolated with heavy regulatory safeguards All that said, a few days ago analysts at Eight Capital raised the status of UEC to "strong buy" with a price target of $13 or about 75% above current valuation. Such a high upside is uncommon in the energy sector. The 4H chart shows price broke out from an ascending channel of several months duration with a corresponding relative volume of 4x the running mean. The price action is that of a high tight flag patter n invoking the moderately strong probability of more bullish momentum after a consolidation is completed. I see this as a great long swing trade with earnings coming in two months or call options OTM targeting a strike price of $10 for the mid-March expiration. Given the stock price at present such call options would have about $40 premium per contract. Lastly, the ETFs URA and URNM appear to track the price action of UEC fairly well. If a trader prefers diversification or risk moderation of ETFs these two are reasonable alternatives. Uranium trades do not have geopolitical risk to consider as much as oil and gas yet another reason to give this a further look. .
AMEX:UEC
by AwesomeAvani
1
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.
AMEX:URNMShort
by MarketIntel
URNM - LONG SWING Trade Long DurationURNM is an ETF tracking uranium miners. Uranium based nuclear energy is now hyped as a partial solution to the climate change crisis and the dependence on fossil fuels. My thesis is that miners will enjoy a resurgence in demand for uranium and with supply dependent on their work they will enjoy increased revenues and margins above relatively fixed overhead and costs. The daily chart is supportive of this idea. I see a symmetrical triangle here with both upside and downside potential. Fundamentals diminish the downside potential substantially. In the past month, price has moved above the POC line of the long-term volume profile. I have drawn in pivot lines from which to plan targets in an upside move. I see the upside as about 50% in the upcoming year based on the chart but likely more if supply-demand imbalances have an impact. Taking call options at various strikes out of the money near these upside targets is a high consideration.
AMEX:URNMLong
by AwesomeAvani
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.
NASDAQ:UROYLong
by AwesomeAvani
URNM- URANIUM ETF BULLISH- GREAT SWING OR LONG TERM HOLD!I've had a position in URNM- AMEX:URNM Uranium for about 13 weeks and now and I'm really excited at how well this etf is doing. You can swing trade and possibly long term hold for a portfolio, since Uranium is the future need for energy in power plants and nuclear submarines and other naval ships. Find out all the details on my video technical analysis here! Give me a like and a subscribe and follow this trade which I will be updating. Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post. AMEX:URNM
AMEX:URNMLong
by CryptoBuzzAnalyst