UROY an energy penny stock LONGUROY basically sells rights to mine uranium for a percentage of the production. It is a penny
stock in the nuclear subsector of energy which is undergoing a renaissance in this era of
fossil fuel addiction detoxification in the context of climate change remediation agendas.
The 240 minute chart shows a parabolic move in mid January followed by consolidation
and capitulation into a double top all at about the first anchored VWAP line above the mean
followed by a trend down into the present level near to the first lower VWAP line.
I will take a long trade here targeting the mean VWAP confluent with a standard Fibonacci
retractment which is the green line on the chart. $.05 is taken as a safe stop loss at the lows.
The target is 0.40 upside yielding a R:r of 8. I have positions in URA and UEC at this time.
The entire uranium subsector is cycling from warm to hot again.
UROY trade ideas
UROY Uranium finance lease mining play LONGUROY does royalties foe uranium mining ore to refined et cetera. On the 60 minute chart,
it has been on fire this week picking up 30% in market cap showing explosive volumes
at 5X and sustained. The past two days have been rest and recuperation in consolidation.
The zero-lag MACD suggests there is more upside in the near term with a line cross under a
histogram rising from zero. The advanced RSI indicator shows a relative strength pullback from
80ish to about 65 and surprisingly the linear regression lines suggest an oversold state at
present. I will take a long position here which may be risky at nearly 2 standard deviations
above a rising mean VWAP and extended from the POC line of the volume profile but the
supertrend indicator is showing a stepped rise and that is good enough for me. I have a
new position in UEC a penny energy stock in the uranium subsector.
UROY Short Sell Trade from High Tight Flag Breakdown SHORTUROY topped out as shown by my other ideas. Profits are redeployed into it in a short trade
to play the volatility. Expect 10% in 1-3 days. Text box comments are on the chart. The
volatility is increased;the uranium sector is hot ( no pun here) given the climate warming and t
the ongoing debates on fossil fuels and government initiatives supporting green energy and
trying to wean the oil addiction. ( ZOOM out and to the left for text comments )
UROY Swing Trade Recap Volume Profile Analysis LONGUROY on a 15-minute chart with the volume profile and the EMA cloud as the indicators
demonstrates a one-week-long swing trade. Both stock shares and inexpensive call contracts
were traded. The stock trade profit was 30% over five trading days ( MLK Holiday ignored).
Options dramatically more profit for the expiration of 1/19th. The analysis, setup and
trade management occupied about 5 minutes per day as assisted by typical alerts and
notifications on the indicators as per TV.
The options contracts were closed as they were expiring later that Friday afternoon. The stock
position could have continued over a closed market weekend but I opted to close the
the entire position of stock simultaneously with the options.
This idea demonstrates the utility of the volume profile in this case applied to a penny stock
the hot uranium subsector within the energy sector at large. See also my other ideas on UROY
and also UEC.
The profits here will be used to take another long call option for UROY striking $ 5.00
for January 2025 sith some change left over for the next re-entry.
URANIUM ROYALTY - Can we double in price???We had a small gap that just filled so now is time to look at this as a viable trade. A lot of geopolitical reasons to think Uranium will be in demand, like it or not.
seekingalpha.com
Uranium Royalty Corp is focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through physical uranium transactions. The Company's strategy recognizes the inherent cyclicality of valuations based on uranium prices, including the availability of capital in different pricing environments.
UROY - Alt.Looks like the triangle, in the X position of a WXY, may have just completed, and a continuation down may be expected. I have not corroborated this view with any other uranium chart, nor have I reviewed other factors that may give a hint as to the direction. I published a bullish view on this instrument in a previous post, here:
Best of luck!
UROY Uranium Royalty Corp Options Ahead Of EarningsLooking at the UROY Uranium Royalty Corp options chain ahead of earnings , i would buy the $2.5 strike price Calls with
2023-1-20 expiration date for about
$0.22 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
UROYAt support so not too keen to short. Long would be the way to go but I'm concerned with the inefficiency below.
Will wait for one of the two arrows to give me a trigger to take the trade. Personally would like the inefficiency filled below and then long.
We don't, however, receive what we want, so will wait for the market to come to me.
UROY LONG SETUPNASDAQ:UROY
On the daily chart UROY which is a uranium royalty play
is at a three month long. Outlook is good when energy
costs are rising and uraniums is widely considered
more green than Oil, natural gas and other CO2 producing
fuels.
The RSI Oscillator is in mid-range. Within the past
few days, a high spike of buying volume is noted.
A Doji candle a few days ago signaled the reversal.
It is there that I will set the stop loss.
I am targetting a 40-60 % retracement of the downtrend
mindful of the Fibonacci levels and so about a 20-25%
upside.
URC poppingThis is another example of a trading pattern that I trade regularly, you just have to look for it.