As part of the green wave (B), physical uranium recently experienced a small setback, but the short-term upward structure remains intact. We need to give the upcoming corrective rallies more room to the upside, which should be followed by a strong sell-off in the course of the green wave (C).
The typical Wave-2 target has been met. We have retraced more than 0.618 and as it looks right now we could be heading for the Wave 3. The 1.618 extension would make 300%+ possible. We have a confluence of resistance in this area in addition. One of the Uranium instruments that look quite attractive at these valuations.
After some reserach time, we can confirm that CCJ entered heen feeding trend.
A long correction period seems over and a bull run could be in sight Uran is also interesting now with the energy crisis
I don't even know what to say.. it's the end of a 9 year accumulation phase, at the same time when Uranium starts a Bullrun. The uranium miner stock I'm most bullish on.
Breaking out of huge downtrend, testing the most important monthly for the 3rd time, 4th will break! Let's go!
I drew these trendlines about 2 weeks ago and since then the price action run like clockwork. Just used this to load up more on uranium-heavy bags. The white line is from multi-year falling wedge which was tested again and showed strong support. My actual price target is near ATH. I think we will miss the opportunity of CCJ below $20 soon. Uranium is similar to...
Last monthly at 14.29$ wasn't properly retested yet, so to continue in this Bullrun I'd like to see this support claimed. Otherwise, I see a steep growth continuing up to the monthly at 33.81$ once spot uranium gets bought up. Beware of the green gap.
We broke the middle of the longterm downtrend channel with volume in December BUT left a gap at 0.090, so be careful of that. Besides the gap, we bounced perfectly on the 66 Fib retracement. Once we break the upper channel line of the downtrend and claim the upper line of the current channel, its fly time for Peninsula
Expecting a small range getting built here. 7.43$ Monthly and the whole area is a HUGE resistance. Once broken, strap on your seatbelts
Retested the .618 on the monthly chart. I assume several hundred percent gain from here.
Break up from downtrend. Retest of downtrend. And now in the upper line of blue uptrend. If a closure above the blue upward-trend-channel could established, then it will become more exciting in the next months/years. A close above the $33.25 resistance level of P3 at the end of the month/quarter would be important. How do you see that? Greetings Stefan Bode
All 3 bullish resistances are broken. This could have started a superior bull market. First target at breakout and confirmation of the subordinate trend channel is the $40 where the superior downtrend channel is located. #Uranium - Can uranium make the breakout strike at $40? #ux1!