UEC Flag formation with bullish triangle -- Breakout UEC Flag formation with bullish triangle -- Breakout
1UEC trade ideas
UEC: Bullish Pennant (50%)Bullish Pennant (50%)
Pros:
Volume during post formation
Descending volume during triangle formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 4
250RSI above 50 and ascending
200MA ascending
Target:
PT = 4.30$
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Golden Cross Imminent #UEC $UEC Another Golden Cross incoming in the uranium market, CCJ(leader) already crossed. I would expect some sort of shakeout scenario after the cross punching through the EMAs and ultimately moving higher. The $0.92 range looking at this chart looks attractive(your mom). If we have THE ever so coveted and elusive uranium bull market on our hands, entry price hopefully won't be too big a factor, but lets not overpay! Please, consider some kind of Dr Scholls, or comfort pads in your shoes before considering my non-financial punting advice. This is not financial advice.
UEC Going up?I got in on UEC at .88 sold half at 5%.
I'm new to all of this but it seems to be bullish.
News:
Zacks & Columbine Capital Services upgraded UEC from a 3 to a 1.
Other interesting news on Uranium in general!
"Uranium is required for almost 20% of U.S. electricity generation in addition to fueling America's Nuclear Navy aircraft carriers and submarines. At present, the domestic industry is no longer producing uranium, 100% of requirements are coming from imports or dwindling inventory."
Uranium UEC long for up to 50%Uranium in the states 'must be brought under domestic control/production' so expect these companies to do well. This on is at a strong support, missed the break out through the cloud (that was also on news), but the entry is still good seeing as how they haven't even recovered back to their pre xmas avg of 1.70.
Buying now and looking at 1.70 to get out, sill keeping an eye on the 2$ high mark for this to gain by the end of June if not sooner.
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