This uranium looks like it will be getting ready to move up again.
Last time worked out rlly well.
Seems to broke the trend line, will look for it to retest and go up before possibly. It also seems to have found support at this level.
No entry yet but waiting for confirmation. Hoping for the 50sma to bounce off the 200sma or cross it for a few...
Rest in peace my long call. This pattern is very close to completion. I don't really expect a big turn around, but after many premature trades that didn't wait for the pattern; I'll be waiting for this to touch support before I make any decisions.
UEC - January 2022 -
I am pretty encouraged by what I am seeing between the CCI and the Horizontal support at $3.60. I haven't developed price targets but this is looking like a great entry anywhere between $3.20 and $4.00.
Please give me a thumbs up and leave feedback if you liked it and if you learned anything - Im always open to constructive criticism as...
UEC rebounded from the .5 Fibonacci retracement level after forming a convincing support level there. It spend the last few days trading sideways before closing above the next, .618.
Between the low volume profile, the room in the RSI, and the convincing turn around, I have hope of closing these late January calls in the money.
AMEX:UEC
Been long for a few months with this ticker. A lot of potential upside on this but it's a long play. Channel is holding and is still valid, we need a good bounce soon to keep it going.
UEC corrected to .5 of the original trend, and printed a nice elliott in doing so. If price is moving in an elliott corrective wave, I expect more downside. The next fibonacci would be $2.50, which would be quite depressing given my January in the money calls based on my view of the market fundamentals. However, it also appears to have found strong support at the...
uranium is possibly an emerging market. as governments look for more ways to meet their bottom line energy requirements, uranium is looking like the new oil. But you can't openly bid on the uranium market, probably a good thing, so here is a uranium stock.
Is this a good uranium pick? Is there a different one you are looking at?
Deeper than I had envisioned. upon reaching the previous golden pocket on the shortest uptrend, the price bounced back but was rejected at $4.5.
so downtrend is extended.. now the price is already in the zone from where it could turn. we are low in the RSI and so the bulls may have the energy to move upwards again.
- red bar is the next resistance.
- blue bars are...
UEC passed through the last zone of support, and found it again at $3.54. The 1D chart shows this is within the regression trend, and if the trend continues the next move should bring it to $3.80 or so. At this point, I hope to see it exit the channel to the upside, but there is now a resistance line at $3.90.
However, given the global energy picture and US...
UEC just bounced off this support zone, and printed 2 bullish candles. I have calls in for January. 30% correction on a 200% overall move from the bottom. It also looks like this could have been the 5th wave of an Elliott, and we're in the local correction before setting a new trend.
This is an upward zigzag being formed here, nearing confirmation of an upward Wave C. The most recent ?1 of ?C looking impulsive. If we are right, Fibonacci form the goal posts for a few target in place. Good luck!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...
Uranium Energy is in a continued uptrend with the current materials shortage and inflation.
This is shown on the two followin graphs:
1- Cup'n Handle on the daily chart, confirmed, with a price target of 5.22$ (Left graph).
2- Ascending triangle on the weekly chart , confirmed, with a price target of 5.98$ (Top right graph).
The two graphs are a bit late in the...
