$DNN is a long-term hold (see DDs from others), but there is some encouragement in the short term as we are seeing $DNN nearing the end of a pennant pattern. As of writing, the price is dangerously close to the bottom edge. If support is there, we will see significant upward movement in the coming weeks. Arrow is purely to emphasize direction, not PT.
Denison Mines is a uranium exploration & development company located in Toronto, Canada. They own 90% of the Wheeler River Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin region in northern Saskatchewan, Canada. They just raised $86.3m to buy physical uranium as an investment, which is tightening up the...
I am trying out charting and this is my take on DNN. As off today it is currently dipping and trading @ 1.09. It would like your take on the chart and analysis.
1.24 and 1.34 needs to be taken out near term target is 1.63 otherwise look at SMA 50 to provide support
Spot price has reacted to DNN and UEC buying physical metal, currently @ $29.65. If stock price reacts to this tomorrow and we close in green candle above red open on daily then it is a very good sign. Also MACD is about to cross over from red to green.
DNN just bounced off long term support trend line. At about $1.00, good price to buy. Uranium will be one of the best performing assets this year and into the future. With the Texas power grid failure, nuclear will be a good bet.
Entry: $1.04 Target: $2 Anticipating a good earnings report today 03/04/2021.
nice bounce off trendline support, has to break top resistance before we can see more upside. target 1.75 and higher if resistance continues to break
Low caps are easy to manipulate short term so placing stops may not be advisable. The questions to ask on DNN and similar markets are; Has anything changed from your original reason to buy? Do bear markets last forever? Is this a good price historically? Is cash the place to be in this historic environment? Will the Gov'ts of the world ever even be able to stop...
Fundamentally not a very good company. Not profitable currently. DNN is getting caught up in the uranium bullmarket explaining the increase. DNN has some big projects starting up and with increase of uranium demand the company has a very good shot at getting profitable in the medium term. (Note: stockdillution will probably not happen because DNN has internal...
Bullish Flag Pros: Descending volume during formation Golden cross in blue PPS above 50MA and 200MA RS above 0, but descending ATR Ascending R/R ratio above 8 250RSI above 50 200MA ascending Target: PT = 2.48$ Thank you to those who donate Coins! Stay Humble, have fun, make money!
DNN share @ the end of fourth wave , losing position @ 1.01 cancel all.
$DNN ran and hit our targets (exceeded them), so now it is time to consolidate. Today we broke support, so I would look to rebuy around the 200MA around .85 cents.
Denison is form an ascending, broadening wedge. We could see one last hooray to 2,5$ until a deeper short term correction is overdue. 2,5$ would be around 300% distance from the 200 MA.
Decade + of sellers exhaustion with a the start of a breakout into a new bull era. Risk reward is astoundingly good.
AMEX:DNN rose well today (especially premarket) and has great volume. It has created a rising channel with its most recent tops and bottoms, but has also confirmed above recent resistance. See the 4HR ruling candle in the chart. It closed above the resistance zone, and like I always say, it will retest the zone (doing that now) to verify if it can become a new...
My trade idea is shown exactly on the chart. Enjoy!