AEE trade ideas
Aura Energy neutralThe Swedish election results are inline with public opinion.
60% of Swedes want more nuclear power.
Largest supplier of uranium to Sweden is Russia.
800mlb uranium deposit is the worlds 2nd largest.
Could be years from development though
seems overvalued!
The swedes have been closing nuclear plants.
Keep and eye on it/ b
Mauritanian Uranium and Swedish VanadiumAura Energy (AUEEF) is a very frustrating penny stock. The spread is $0.30 Ask and $0.20 Bid, meaning you will automatically lose 33% of whatever you put in. Furthermore, the chart is full of spikes and dips that don't seem to have any coherence to them. I'm hoping my annotations provide some logic to AUEEF's madness. It's bouncing in an uptrend, and both the ask and the bid will allow the price to keep bouncing off of support. The upside could be 2x to $0.50, if more people notice this stock (volume has been ticking up, but I haven't seen it mentioned on uranium Twitter, Reddit, or Youtube). Apparently it's popular on the ASX, so obviously what we're looking at here is just normal OTC weirdness. I'm also skeptical if Mauritania or Sweden are good jurisdictions for mining, compared to say South America or Sub-Saharan Africa. Trade wisely, my friends.
AEE Downtrend in full swing... WHO are you SELLING to?!!? Top Down Analysis shows some interesting warning signs.
Price structure and dynamics are beginning to become clearer.
its about market timing and price action, market consensus still positive on daily chart. for me though
id still would like better discount long.. See how Reporting season goes next week?
on watchlist and will monitor.
neutral still
good r/r ratios ahead
be patient,
Perma
AEE showing strength (Watchlist)AEE
Bullish Indicators
RSI creating Higher lows on same price level on Weekly . Previously formation played out with over 80% gains.
Massive volume in lately
Weekly MACD looking to diverge
Weekly cci turning to show strengh
Patience plays off so wait for the touch of support zone at .020 cent for good entry
Reasons:
The 4 hour MACD crossed bearish
The Daily MACD diverging and looking to cross Bearish.
Scouting entry again on support zone @ .0.20 cent if order gets filled here it will be a gift in my opinion.
Target Zones TA & TB in Green @
approx = .036
approx = .050
Stoploss = 0.019
Happy trading ;)