Denison Mines Corp Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Denison Mines Corp Stock Quote
- Double Formation
* (Neckline) At 1.9250 USD | Subdivision 1
* Head & Shoulders Pattern | Entry Bias | Short Position
- Triple Formation
* 6X Retracem
DNNDenison Mines Corp. presents a long-term technical picture where it appears to be forming a "rounded bottom" pattern, which is a positive indicator for a possible upward movement in the future. This pattern refers to a long-term base formed after a long-term decline, followed by stabilization and fu
DenisonThis move could be setting up to be 1 huge expanding flat in reference to my previous post - Uranium update in August 2024.
Patterns repeat as this looks very similar to the set up in 2020 -expanding flat correction to whipsaw everyone out of the trade
In both scenarios, price rallied to the 1.236
DNN and Uranium EnergyUranium stocks are all hot right now. The only problem is most have a P/E ratio of 100 or higher! Way overvalued!! DNN has a P/E of 26 and a smaller market cap than competitors, so much more room to grow. From a technical standpoint, ascending triangle formation with RSI safely in the bullish zone.
Denison Mines breaking outDenison Mines is breaking out of its 12 years range on massive volume.
The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry.
Coupled with the devaluation of developped markets currencies, this could propu
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Displays a symbol's price movements over previous years to identify recurring trends.