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Denison Mines Corp

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DNN trade ideas

DNN forming a bull flag, good entry to a long term play. Denison Mines is a uranium exploration & development company located in Toronto, Canada. They own 90% of the Wheeler River Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin region in northern Saskatchewan, Canada. They just raised $86.3m to buy physical uranium as an investment, which is tightening up the already short supply of uranium and further driving up the spot price. And recently, in a press release, Denison announced it was being added to the SP/TSX Composite Index and the addition took place this Monday (3/21), which means there will be some bigger players stepping in now. I think this play has a lot of long term potential. A fast growing supply deficit of uranium and the Green New deal, I think this could play out nicely short term but I'm holding long term. This is not financial advice
AMEX:DNNLong
by Mailbox27
2
Every market has a personality.Low caps are easy to manipulate short term so placing stops may not be advisable. The questions to ask on DNN and similar markets are; Has anything changed from your original reason to buy? Do bear markets last forever? Is this a good price historically? Is cash the place to be in this historic environment? Will the Gov'ts of the world ever even be able to stop printing? Does the world need energy? Are we entering a historical commodities super cycle? Would you rather own TSLA that has gone up 50X already, or would you like to be at the start of a bull run? Add your own additional questions.
AMEX:DNNLong
by Earthmatrix
3
DNN Elliot Wave analysisFundamentally not a very good company. Not profitable currently. DNN is getting caught up in the uranium bullmarket explaining the increase. DNN has some big projects starting up and with increase of uranium demand the company has a very good shot at getting profitable in the medium term. (Note: stockdillution will probably not happen because DNN has internal sources of cash flow from the management of the Uranium Participation Corp. and Denison's Closed Mines Services.) PT shortterm $3.30 (based on elliotwave) PT longterm ?? can DNN become profitable? How agressive will uranium bullmarket be? ~slippe
AMEX:DNN
by Slippe
4
DNN Break on 4Hr above previous historical resistanceAMEX:DNN rose well today (especially premarket) and has great volume. It has created a rising channel with its most recent tops and bottoms, but has also confirmed above recent resistance. See the 4HR ruling candle in the chart. It closed above the resistance zone, and like I always say, it will retest the zone (doing that now) to verify if it can become a new support zone. Lets see how this plays out. If it retests the zone successfully, we can see a move much higher, if not we can see a retracement (look for about 60% retracement to buy) - or a tap to the 50 period MA. Will update as it moves along. Good luck and make your own informed decisions
AMEX:DNNLong
by UnknownUnicorn1940998
4