Uranium ETF continues to form a bull flag, the trend on the upside is not broken and it should break out at the end of the year or early-mid next year, so unless the trend change, uranium is looking great
Uranium miners jumped over short-term resistance this morning (9 & 21 DSMAs). With strong volume at 11 am and support at 200 DSMA having held from two days ago, I'm looking for URA to maybe catch its breath at the 50 DSMA before pushing through and targeting 28 in September.
The ETF has been trading in a multi-month consolidation with support between $17.60 and $18.25. One could argue that a topping structure is in play however a failure on these formations often create a buy/long opportunity . The share is trading just below its quarterly pivot, of which a print and close above would suggest further upside from the recent lows. The...
I can belive this
Is uranium ready for 549$ dollars? Unbelievable
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis...
My one and only take on Uranium & how I like this setup.
The future is green energy but I really believe nuclear energy is going to be the bridge to that future.
What the market is presenting:
Neckline kiss setup
Daily view shows one year distribution pattern
Weekly view shows massive double top pattern
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
Thanks for viewing.
No, not as a treatment - please don't inject uranium as a treatment (if Uranium came in a bottle it would need a warning for Americans).
Competition? What I mean is that Uranium has been on a run starting from when the equity markets showed weakness - and has yet to show signs of slowing. I'm not sure what the relationship is yet, as crude,...
URA failed to make a higher high and got smashed at the .786 fib at $28.25. Weekly Money Flow and Momentum coming down. URA will hit the 1 fib at $17, and most likely the .618 retracement at $12.
Fun Fact: Despite Elon Musk's endorsement of nuclear energy, just focusing on Electric Vehicles, there is a metric called the "Wells-to-Wheel variable" that measures the...
Hello traders and investors, today we will talk about Uranium in which we see pretty nice and clean bullish development from Elliott wave perspective.
Uranium made strong and impulsive rally from March 2020 lows, clearly within a five-wave cycle which suggests a bullish reversal at least in three waves A/1-B/2-C/3.
After a completed five-wave cycle into wave A/1...
5-wave up impulse is done. Now WXY correction. Green box is a good buy zone. This set up is invalid if price drops below $6. Overall I’m bullish on #uranium.
This long is counter trend in some TF's. But price continues to opt-in for long as it breaks through several sources of confluence.
Most importantly the trade has a low risk / reward ratio.
Possible Context (not factored into trade):
Evolving currencies in the East are said to be backed by a broad basket of commodities.
A move towards Uranium as an energy...
This chart is relatively easy to read. A multi-year bottom in uranium prices has completed, and some commodity/energy experts are forecasting a rise in uranium prices. This weekly chart shows price is currently consolidating, which is the perfect time to set alerts and put on watch. I want to see stochastic %K(7), pink line, move down to 20 before buying in. ...
Where is the world heading to?
Nuclear energy? hope that's all.
Since march 2020 crash, URANIUM has not stopped rising in value (+354%), and since December 2020 volume has began to rise significantly.
There is high probability that it will reach new highs, from 35 to 60 usd, during this year 2022.
As my XAR analysis, I really hope I'm wrong this time.
Check my...
