URA trade ideas
Brend Oil interesting pattern forming but stil not complete!MOEX:BR1! Brent Oil
Head & shoulder pattern forming although pattern is not yet complete. we need to see how the right shoulder is forming and a break below 73.50 will trigger the head and shoulder breakdown.
But i guess OPEC wil not let it come this far and tighten their production before this.
URA - potential for long-term longThe blue bar projection is less of a prediction and more of a possibility. It is the previous primary trend decline flipped around but equal in price and time scale.
URA experienced a long term primary down trend since opening for public trading.
From 2016-2021 the primary downtrend turned into a multi-year basing, which was broken out of bullishly in 2021 and then held above resistance-turned-support. It has now retested multiple times without falling back into the range.
You can see recently it has surged again upwards with good volume.
This has good potential for a U-shaped long term recovery.
As I am a technician I will leave out my personal fundamental opinions on nuclear as a clean source of energy.
Thank you.
-harambepay
Uranium Mining OutlookURA in a 3rd wave and could possibly have topped here at the 28, but it also could be setting up higher for a 5th wave finish 32-36 area.
When I first looked at it, I saw the possibility of a great buying opportunity in the $14-16 area if things break down.
Right now I think we need to hold the $24-22.5 area to keep this bullish move upward. Otherwise the 14-16 becomes a greater likelihood and then will have to start seeing if the projections of the move line up to that target of $14-16.
Not financial advice
Short $ura short term long $ura long termI am super bullish on AMEX:URA medium and long term but believe the share needs a pullback to back test the breakout, complete the wave 4 before going nuclear on wave 5. Note the divergence on the RSI - lower lows lower highs - and MacD flattening. I expect a fairly shallow pullback to the 0.38 Fib at $24.78
Uranium middle termUranium is following a bullish trend.
Eurpean Union defines Nuclear Energy as Clean Energy in terms of CO2 emission.
Technology Companies are contracting Nuclear Energy due to their high level demand for data centers.
Hedge funds are investing in Nuclear stocks and ETF.
Cameco Corporation, Canadian Company, is under real production.
Saudi Arabia is pushing Oil Prices to high levels. Nuclear could be a sustitute in many activities.
URA vs. U308 Futures ~ Snapshot TA / Uranium Bull IndicatorPerformance comparison between Global X Uranium ETF versus U308 Futures.
One of many Momentum Indicators out there that track Bullish movements in Uranium Sector.
Uranium stocks haven't always been closely-correlated to Futures due to their "risk-on" nature...so when stocks start outperforming when Futures + other confluences are also rallying..
You might have a good ol' fashion Uranium Bull run on your hands.
Boost/Follow appreciated, cheers.
Futures: COMEX:UX1! COMEX:UX2!
ASX ETFs: ASX:ATOM ASX:URNM
US/OTC ETFs: OTC:SRUUF AMEX:URA NASDAQ:URNJ AMEX:URNM
URA - one more low inc.No clear impulse visible...
we might still have to embrace one more low..
Once upon a time in the bustling world of financial markets, there existed an extraordinary exchange-traded fund (ETF) called URA, which was intricately tied to the price movements of uranium. URA, short for Uranium Resources ETF, was an investment vehicle that allowed individuals to participate in the uranium market without directly purchasing the commodity itself.
The story of URA was marked by its peculiar behavior, as its price fluctuations seemed to defy the expectations of many investors. It was a constant source of fascination and speculation, leaving seasoned traders scratching their heads in confusion.
URA - You want to be long UraniumURA faked out initially by breaking its downtrend (yellow) but then failed the retest of its breakout by falling back into the triangle and dipping below 21. It has now broken out a second time, but this time it seems to have done so with conviction. One can buy the ETF (URA) or look for uranium stocks to punt.
$URA longCould still make a lower high so my TP is set very conservatively without the best RR. If AMEX:URA clears the resistance in the grey box I will look for more longs. I just added more to this trade and raising the stop loss so thought I will post the trade idea incase it offers more opportunities to enter.
Secure your grandchildrenIf humanity doesnt go extinct.
Uranium . if it gives any price between 10 to 14$, im getting in and this is a full send.
The initial drop is not just enough for me to be sure in an elliott wave count correction wise. The faster it drops, the faster it will jump as well.
I would really like this to go lower.
But current global happenings might just send it already...
Long term hold
Levels of Interest $URA TA on levels of interest for AMEX:URA ETF.
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Uranium Miners v2Uranium miners have gone NOWHERE for 2 years now.
Being forgotten while bullish chart morphs into existence is good.
Sentiment reset.
notes
coiled price sandwiched between 1 & 3 year moving averages
below critical take off platform
Price peaks with volume
MASSIVE volume defined base
#uranium