URA trade ideas
Uranium 2019 LongUranium 2019 Long
-huge 2017 accumulation
-in accumulation zone
-in 1/1 gann fan area
URA descending triangleMore on the Uranium market. URA is working towards its apex in a 17 month descending triangle.
URA Uranium Potential BreakoutLets keep it simple! ish..
A few things to note about uranium...
One of the most over looked assets.
Most energy efficient source.
With crypto currency mining, and other increases in electricity use, will increase demand for alternative energy. (isn't that what everyone's striving for? alternative energy?)
Look at this beautiful chart, bouncing at the bottom around 11.50 respecting it for almost 3 years now. This is massive accumulation, which is also coming to the end of its wedge and 8 year downtrend. We will see action new years.
Also the WEEKLY has squeezed and fired long, technically confirmed with the positive momentum on the last week close.
The MONTHLY around 2016 was one of the only god mode buy signals in the history of URA, at 11.30ish bottom at that time. (Not the best indication, but its there to look at)
With all the low key news about uranium, trump supporting alternative energy, and a large amount of nuclear reactors being constructed, reopened and planned for, the signs are there.
Also the supply of uranium has been reduced drastically by the suppliers, to ultimately increase price and demand. Were floating at the "cost of production" price, which cant really go lower.
Im long term on URA, this is a 3 year minimum hold for me, ill be accumulating 11 to 13 area until a breakout or stop loss right under 10.
Happy trading, its never legal advice, I want everyone to win!
Quadruple bottom on URAURA is bounce of a 4th bottom on the weekly at that price line. Long via uranium related companies. Could be a new trend starting with fundamental aspect of decreased output of uramium in Kazakhstan.
GLOBAL X URANIUM - Begin of a new bull cycle /Accumulation phaseWe see that the volatility is decreasing and the attempts of the bears are sharper and sharper, not pushing the price lower. Here is when I think the smart money is starting to come in.
Multi-year accumulation in UraniumHop into the train before it is too late. Probably the monster trade for the next 5 years.
Make it Uranium Since Fukushima uranium got itself rekt, because fear and terrible PR. But... world needs power, so far the most efficient method of providing this is to nuke it up. Fundamentally there is a reduction in supply of uranium or at least a slowing so currently I believe we are in oversupply, but many plants are being built world wide to be completed in the coming years which will begin to eat into this backlog.
The charts are interesting to me because:
Multi-year lows, tight BBands. Large volume on the riskier URA recently. Bullish T/K cross on Vaneck, URA is looking to follow in the coming months. Perhaps I am early in calling this. Looks like there has been decent accumulation over the past year. Also the weekly has been very bullish for URA the past few months. And I've been eyeing up uranium for over a year now.
I am In this for the long term. 2-3 years. With two targets at resistance/fibs/Kijun flats but will probably start down sizing as price approaches these rough targets.
Be aware that Global X Uranium ETF (URA) has significant exposure to penny stocks and will therefore be more volatile with inherently more risk. Vaneck is a safer play (albeit with less upside potential).
Uranium Bullish SignalsUranium looks like it is gearing up toward a fair amount of upside in the coming year(s).
URA: GLOBAL X URANIUM ETFTechnical view on the weekly chart. We can see how prices are now trading above its 50-EMA and seems closing above the 100-EMA. Next target and probable resistance; 200-EMA near $22.20/$23.50 level.
URA LONG - Buy the dipsMaybe u have allready heared the good news for Uranium.
Cameco CCJ has shut down its largest mine. This accounts to 10% of global Production. Together with another cut from other companies this totals 15%!!
France was going to stop relying on nuclear power. It came back on that promise and will continue to build nuclear power facilities.
Asia has a massive buildup in nuclear power plants. Japan will soon re-open its nuclear power plants.
This is great for Supply/demand plays.
Technically this looks great aswell. After a prolonged bear market in Uranium, things are changing.
It broke its long term downward trend on 9 November.
Pulbacks should be welcomed and are buying opportunities.
Key resitence are 16 and 19.24. I used Fibonacci to calculate possible resistence levels.
Not to forget URA gives a DIVIDEND off 6 - 7%!!!!!
Uranium long term uptrend. Crypto miners energy consumption up.Long term uptrend after big announcement from many big Uranium company's that lower there production for 2018. The sector had a bad reputation after nuclear failures in the past. The high and rising energy consumption of today and proven future continue to open more nuclear energy factories for 2025, old factory's are not quitting until 2025 because of the high energy consumption. The crypto miners of today and future gonna take a lot energy consumption, for sure when the price keeps rising. RSI tops every time above the 70% range. Every low around 60% is a buy opportunity. Volume is rising as more interest is flowing to the sector. Good signs of support, every support stops a small sell off.
