the fundamentals on gold aren't good: 1. its a rock, King Midas can make the supply infinite 2. mining it is an environmental mess and energy waste 3. value is primarily speculative 4. ton of overhead bagholders from 1,500-2,000 days 5. crypto currency stealing new retail 6. being hoarded by fragile states/ regimes 7. regulatory risk during crisis...
I have identified 3 different types of similar variations in URNM and URA ETFS which show us that we could be in a cusp of a huge explosive move to the upside. These shakeout patterns are almost identical to each other with the same behavioural patterns before a big move to the upside. 2 humps which are almost like a H&S pattern followed by a huge flush down to...
Denison Mines is breaking out of its 12 years range on massive volume. The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry. Coupled with the devaluation of developped markets currencies, this could propulse DNN much higher. Next resistance is the $4 area, then there...
As a sector, uranium mining has been in a strong uptrend throughout 2023 with a peak in early 2024. Pullback currently underway, based on Uranium U308 (UX1!) spot price softness since January 2024. Geopolitical and operational factors to be considered: (a) Nuclear energy facilities in Europe and USA are reliant to a large degree on fuel sourced from Russia and...
OTC:GLATF TSX:GLO 's counter trend downward broadening wedge is testing its breakout. Fundamentally, the coup in Niger has kept this near term #uranium producer back, but it's time to catch up. We're looking at a 155% measured move based on the bottom of the wedge to the top. The time frame here is generated via the falling wedge's staff overlayed at the point...
When in doubt, zoom out. URA is forming the handle on the multi-year cup and handle pattern on the weekly. While doom and gloom besets the new investors, they would be wise to observe that this contraction is a part of a much larger pattern. Besides, nothing in the fundamentals has changed.
CCJ leader of uranium. CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024. We are in the final flush out stage 7 before an explosive wave 8 up. The chart on the right shows...
PEN is currently in a descending wedge with bullish RSI divergence but still looks bearish on an intraday chart so should move down to support at around 0.07c. Look for a breakout and retest of upper trendline for entry or enter a small position on break of wedge, stoploss at last swing low move SL to BE when safe to do so. Good luck
New uranium find has pushed Canalaska up 50% in a day. Wow! Downward trend channel formed in April 2021 and almost 3 years later it has broken out, pulled back and now rocketed with volume. 0.85 therefore seems achievable and 1.54 all time high could also be possible. As ever, this is not a solicitation to trade. Do your own research and you decide all aspects...
There is a lot of power in this chart. I look fwd. to seeing if it can stay within this cup... and if so, how high?! Fundamentally, it's looking very strong!
Breakout for Canalaska CVV Backed by big volume too Next resistance 0.86 and then 1.52 Wait and see if it can break to new all time highs in the coming years. All depends on Uranium futures and the company's performance.
Uranium ore trades is at records highs, as several hedge fund managers are expanding their allocations to uranium stocks, with a conviction that an increasing embrace of nuclear energy as part of a "green" future - along with geopolitically-rooted ambitions to reduce dependence on Russian oil and gas -- means the trend has a lot of room to run. On Wednesday,...
Multiple geopolitical and macroeconomic factors providing strong tailwind for Nuclear power. From a technical perspective, there is a massive macro trend reversal playing out here with volume behind it, which presents a promising long-term opportunity. DYOR. happy trades, CD
Is this a breakout for Canalaska? No retest of the channel yet and over head resistance at 0.67 and 0.84. In support: over 4x average volume on week commencing 25th September and a higher pivot high compared to Jul 22. WARNING: This is not a recommendation to trade. Do your own research and decide your own trades.
Uranium made a pullback as a wedge pattern. Support here is 21EMA (29.00 zone level flip). 30.00 - potentially interesting zone for a breakout.
Price has reached an important macro resistance zone: 39.40-45.91-48, that coincides with 0.618% extension of wave I (2000 low - 2007 top time span) from wave II bottom (2020 lows). Monthly view This 0.618% extension aligns with standard 2.00% resistance of the fifth wave - wave (5) - of first impulsive structure (wave (1)-(5)) that started in March 2020. ...
Uranium ETF - $SRUFF ✅ 45% increase since entry at 200 day bounce ✅ Pennant Breakout confirmed trend 🎯 Target remains 0.618 Fib Ext at $45.00 ❌ Stop Raised to $26.67 guaranteeing 27% profit (Stop placed here as it is the most recent higher low and should remain intact for short term trend to remains valid) Hope this simplifies the...
This diversified mineral explorer stock is closing in on a decision! Note: CEO Warren Stanyer is a regular buyer of this stock -- owning 13% relative to other top shareholders.