DML trade ideas
DNNAt least 2 more weeks in the month of May before Gamma Squeeze to burst in June 2021 (Projection)
Denison minesEntry: Immediately
First target: 1.77$-2.1$
Second target: 4.20$-4.60$
Stop: 0.86$
Stopmanagement: ATR Stops daily chart default settings
Description: The price is consolidating at a major support level and retraced more than 50% from the recent high.
DNN DENISON MINES2 hour chart - possible 50DMA and 200DMA cross. Ichimoku cloud parameters all systems good to go. Good luck
DNN DENISON MINES$DNN Price has reach $1.22 resistance line. Next level $1.35 breakout and then whatever Mr. Market is willing to offer. With all positive #uranium news it is just a matter of time and most likely this week. RSI and Stoch in an upward momentum. looking great, good luck
DNN - Uranium mining company with an amazing R/RThis small cap is a very speculative play, but the R/R makes me want to get involved. Nice setup confirmed by a bullish RSI signal
DNN1. 20DMA is crossing 50DMA in a downtrend pattern.
2. We are sitting right at the support line and Stoch indicator stating that we are in an oversold territory
3. Uranium sport price is not increasing while is the reason why we have recent sell offs plus red market is adding more pressure.
It is very tempting to sell and buy at a lower price but one never knows when spot price and market will turn around. Next thing you know the move to an upside is way too fast and you enter too late. Patience is the key here. I personally do not want to be among thousands of other buyers trying to enter into a tiny door. Music is playing and one of the utilities won't have a chair to sit on.
We need patience and good luck
Asymmetric Triangle for $DNN My last prediction held steady; we saw a breakout near when predicted (see related ideas).
However, it met resistance at $1.32 and fell again, coupled with $CCJ announcing the reopening of Cigar Lake, which took the entire sector down a few percentage points.
However, the lower-half of the triangle held strong. This brought forth a new pattern, which is ironically more bullish. I expect price to gradually more to $1.30, with fluctuations of course, until we can finally break resistance in late May.
DNN Dennison MinesBreak out will depend on a U3O8 spot price and market conditions. Since Cameco had announced an emergency restart due to very low inventory of available metal and their contractual obligations it is just a matter of a very short period of time b4 spot price will start moving up North. DNN will be one of the lowest cost producers when they start mining. This temporary holt in a price advance in all uranium miners is just an opportunity to buy more if one has more dry powder left.
Patience here will certainly pay off. My target price still remains the same - overshoot to about $2.70 when FOMO kicks in and it will settle between $2.00-$2.20
I would not jump in and out trading - the sudden move in this sector will leave you behind very quick.
Good luck.
Denison Mines / Next leg higher... (Entry point)Added to my position yesterday at 1.10 USD hoping for a bounce back and continuation of the bull run...
I really like the uranium sector right nowDNN looked like it was forming a bullish pennant, but it had a huge retracement so it was a little iffy. Now it looks like its forming a ascending triange. Its also sitting right on top of fibonacci support, and i think if we hold that, it'll push the price to breakout of the triangle. Its had good volume on these breakouts and nice consolidation at lower levels.
I think technical analysis means a little less when it comes to penny stocks, especially with such huge retracements, but I believe in this company long time and the uranium sector is picking up steam and getting a lot of good press.
Cup and handle DNNIt seems there is forming a nice little cup and handle. Very important too break the key level 1.33 to make sure the upward trend continues.
triangle triangle triangle triangle DNN slowly and quietly doing crazy great things
if the triangles hold up could %80 to %105 imo
a company i'd hold for a while with free shares
Denison Mines, Blowing MindsDNN, 4h, This right-angled consolidation contains some scrubby harmonics excluded, so the headline here is the formation of higher lows on all 3 momentum oscs - MACD, RSI & Stoch - while the asset has held $1 essentially during. Continuation inferred by the Class B bullish divergence across the trio coupled with seller exhaustion makes a break of the 1.32 region critical for upside targets, so a formidable entry nearer the current range ensures proper R:R of 3.45/ 4.95 / 6.8. Our recent high serves as the first of the 3 overhead Fib targets with a break of the present range below the 0.382 retracement.
DNN: Bullish Flag (86%), Bullish pennant (92%)Primary Target (short term):
Bullish Flag, confirmed (86%)
PT = 1.98$
Secondary Target (Long term):
Bullish pennant (92%)
PT = 2.27$
DNN - Quick and easy +~10%This thing has loved tapping and rejecting 1.30. Anything below ~$1.20 is a good buy; set your sell limit to $1.30. If it finally holds above $1.30, the upside will be massive.
DNN BIG PICTURETHIS IS A MONTHLY ARC SINCE 2008. PERSPECTIVE OF DNN POTENTIAL PRICE TARGET. I BELIVE THAT WE WILL OVERSHOOT $14 PER SHARE THIS TIME AROUND WITH U308 DEFICIT AND HIGH DEMAND
DNN DENNISON MINESDNN has been holding well the last 4 days. More buyer than sellers but not much. We need to break above the resistance level and then move above $1.30. Ichimoku cloud needs to turn green for an uptrend move. Looking good IMHO.
