$DNN Denison Mines Corp Bullish Targets Denison Mines Corp. engages in the exploration and development of uranium. It has interest in McClean Lake uranium mill, Zone and Huskie deposits on the Waterbury Lake property. The company operates through the following segments: Mining, Closed Mines, and Corporate & Other. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.
DML trade ideas
Inverse head and shoulders?I know it looks ugly but a possible inverse head and shoulders forming hair which is foolish scenario possibly for Dennison. Fundamentally uranium is supposed to go on a bull run because of the shortage from Cameco and Kazataprom, Sprott owns a nice amount of shares. Sooooo......
Bullish on DNN!Uranium stocks have been bullish lately. With anticipation of the Trump administration/ Department of Energy releasing more guidance on uranium mining today. We will hopefully continually see it go up.
RSI is hovering at 71 and has been hovering in that overbought zone for awhile.
Volume seems to keep going up.
Please note: I'm a complete noob at financial trend analysis but do have a keen eye for spotting trends in data in general. Any tips or tricks would be helpful!
My investing strategy is to make a minimum of 5% a day.
Andrew Aponas | Small SpikeDisclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments.
Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about the company I am publishing the idea about, I haven't done any research on the company, I don't know what it's operations are, or if it's profitable.
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Denison Mines - Consolidation/slight uptrend near channel bottomIt appears that Denison mines has been consolidating for a few months at the bottom of a 1 year channel. Could go back to the top of the channel and test .90 cents a share, for a 20% increase from here. Also, with uranium price gradually set to increase, it could break out of the channel and see new recent highs.
Before DNN rises...Before DNN rises. The exchange rate may break out of the long-running band movement. It is currently building a larger wave structure. This resistance level can be a peak axis at a level of 0.800. Then, corrective motion is expected to reach 0.6360 levels. Then another peak axis and a valley axis in triangular form, a double downward wave structure. This can reach the neighborhood of 0.5850 again. True strength can come from this level. The next rising wave structure can reach the W1 ATR axis, which can be 1 usd level. The primary target is the same as the price.
A Second Look At DNN: The Bullish Case (with short contingency)Hello, traders! A busy chart,but hopefully not too confusing. Yesterday, i posted a more or less bearish case against DNN. After taking a second look, i see bullish rsi and stoch. I see a fine example of an elliot wave 8 pattern with the final corrective wave c ending at the 1.618 of wave a. Also, you'll notice the fib retracement and extension together look like an excellent area for confluence and support. After a few days of consolidation, DNN could move upwards and make for nice cup and handle. Then again, only time will tell! do your homework!! Best, Matt
Denison mining for a wedgeLooks as if DML (DNN in the real market) has a wedge formation / Downward Wedge going on. I've been watching this stock for a little while now, and I don't think it hasn't found the floor yet; still have some time before we level out, consolidate and break out. From the lows, highs, and trend lines I drew to indicate the pivot points you can see where there are two lower lows going into forming the wedge. It's only going to play one of them, time will tell us which one to keep looking out for. Now, unless we have a breakout, through the ceiling of the red, downward trend line in the coming week or so then this is a short - neutral play; with just over 12 months until we hit the wedge, plus the time afterwards for the breakout. However, if DNN does in fact break through the resistance line it would be a great thing. We aren't THAT far from the floor as it is, about .24 cents, but, with the Doji that just formed today it doesn't seem likely that we'll be breaking through the resistance yet. Although, if you blend the last 3 candles (yes, Candle Blending is a real, technical chart analysis technique) you would get something like a Large White Body tomorrow. And with the RSI indicating that we have increasing buying pressure, or the stock gaining internal strength, plus a positive Macdee base line with the MACD 12 & 26 just recently diverged in the right order & direction, it's feasible that we do break through the resistance in a week or so. But, previous trends and the bigger picture indicate something else in the works.
There; that should've covered all the angles. Happy Trading!