No clear impulse visible... we might still have to embrace one more low.. Once upon a time in the bustling world of financial markets, there existed an extraordinary exchange-traded fund (ETF) called URA, which was intricately tied to the price movements of uranium. URA, short for Uranium Resources ETF, was an investment vehicle that allowed individuals to...
URA faked out initially by breaking its downtrend (yellow) but then failed the retest of its breakout by falling back into the triangle and dipping below 21. It has now broken out a second time, but this time it seems to have done so with conviction. One can buy the ETF (URA) or look for uranium stocks to punt.
Could still make a lower high so my TP is set very conservatively without the best RR. If AMEX:URA clears the resistance in the grey box I will look for more longs. I just added more to this trade and raising the stop loss so thought I will post the trade idea incase it offers more opportunities to enter.
If humanity doesnt go extinct. Uranium . if it gives any price between 10 to 14$, im getting in and this is a full send. The initial drop is not just enough for me to be sure in an elliott wave count correction wise. The faster it drops, the faster it will jump as well. I would really like this to go lower. But current global happenings might just send it...
BEHEMOTH opportunity MORPHING into EXISTANCE for URANIUM MINERS. Do you think they will ever talk about the next #UraniumMiners BREAKOUT versus #Tech and #Growth stocks? Move will most likely be SEVERELY UNDERWAY by the time they do.
URA looking interesting for the second half of 2023. If there is a commodities resurgence in q3-q4 similar to what we are seeing with energy (see XOP, XLE) this is a viable candidate to make a move in the next coming months.
DO NOT care about narratives, but DO care about price action. Are you seeing what is happening in the URANIUM sector?!? #uranium #gold #silver #crudeoil #inflation notes MASSIVE volume defined base bounce on 3 year moving average coiled price sandwiched Price peaks with volume
TA on levels of interest for AMEX:URA ETF. Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a...
URA 2D overlayed with bear fib channel. I’m predicting, based on the obv consolidation, that ura will break out and revert to spot
Uranium miners have gone NOWHERE for 2 years now. Being forgotten while bullish chart morphs into existence is good. Sentiment reset. notes coiled price sandwiched between 1 & 3 year moving averages below critical take off platform Price peaks with volume MASSIVE volume defined base #uranium
Risk to reward will look quite good. and 40$ should be achieved. After the breakout (the red dotted line)
We are near the end of completing a complex correction consisting of several 3 wave structures. I'm labeling them A-B-C-D-E. It could also be abcXabc; but in any case the trend and prediction is down. I'd like to see the correction take as long as the impulse. July 3rd is at a minimum the same length of time. Destination for wave E is in the green box 1. is...
Uranium has been consolidating for a while now. It has been going back and forth between HKEX:19 - HKEX:23 range. First TP is the white horizontal line at $21.4 and the second TP is at $23.22
Nearing the resolution. Could be the low. but.. It might as well retest point E (wave 4)
Not financial advice. $URA still on this downtrend wedge to fill gap at green area and at the same time long term will form a nice cup & handle for continuation on the bullish side.. be patient since has been almost 1.5 years forming the handle. Like, share and subscribe. Thank you! Alex.
Expecting a breakout in March/April 2023 as the price is beginning to touch spiral support. A sideways support structure is being built. If the spiral is broken expect the orange spiral to act as support. Otherwise, price should begin to be attracted to the red overhead resistance spiral. This is a long-term outlook. Bullish: 46 is the next level of resistance...
#Uranium Miners versus #SPX with data adjusted for dividends. The most behemoth of breakouts still ahead of us...