Im bullish on $UUUU Unless we break back under the consolidation level. With all of this war going on and XLE breaking 8 years of downtrend I believe energy sector is the next pump and $UUUU is showing wyckoff accumulation that cannot be ignored. I will be buying $UUUU from sub $3-6
appears to be in the 5th wave on the daily TF. The 5 up sequence looks good as I measured with a fib extension & have a clean W3 top around the 1.618%. Now run to the top of the expansion channel and test the 2.618% level for a wave 5.
Aiming for 6.40 level upon breakdown of flag. s
The bulls have come out of hiding, and have started beating their chest again, calling for new highs-- but the chart says otherwise. While I know there's a lot of fundamental news that makes people want to think the Uranium sector is going higher, the chart doesn't line up with the fundamental narrative. Just like it didn't when I called for the price to drop back...
Looks like Uranium starting a bull market soon, 5th wave can hit by spring 2023. UUUU has potential to hit $21 plus.
Energy Fuels Inc ( AMEX:UUUU ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 955.43M Current Price: $7.30 Breakout price: $7.35 Buy Zone (Top/Bottom Range): $7.10-$6.10 Price Target: $8.70-$9.00 Estimated Duration to Target: 40-42d Contract of Interest: $UUUU 10/21/22 8c Trade price as of publish date: $0.65/contract
Not the time for Uranium.. But the time will come...
A small group of Lemmings through through UUUU. Let's hope their journey doesn't end at the edge of a cliff.
Working with my own TA and using measured moves in both price and time, bar counts and scaled angles per timeframe. I am using as well as the 2 major parts: starting fib levels NOT AT MAJOR LOWS... These are usually banks ripping people off to buy the dip and cause a rip. Resistance breaking bullish uptrends forming anew uptrend because of many factors, one of...
UUUU looks like a distribution pattern here to me. I think it's going back to the lows.
I love the fundamentals on Uranium , especially since the war in Ukraine , Europe's new realisation that it has to be more independent for energy and the push for the west to go Green. Its the perfect set up , couple this with supply and inventory limitations the price of Uranium will have to increase over the years to bring on new supplies , ~$70 spot. I plan...
Option flow set up the target btw $8 and $9 next exp. May 20, 2022
bullish funnel formation easy invaladation here if we fail the next couple of levels cut the position quickly 77% to range high, very decent r/r
This happend to ETH in 2018 or 2019. Same structure can be found by DNN for exapmle too.
UUUU approaching cluster support area! good chances we bounce here but be ready to play downside just incase it doesn't ;) long trigger at 8.85, short trigger 7.41
Thinking 5 up is complete now. And soon we ABC down to the mid point. Retest that price area & then re analyze. The monthly & weekly still in a strong uptrend so an ABC after 5 up to retest support would be a bullish continuation pattern. But we must wait to see upon confirmation.
Similar to $CCJ in #uranium space, $UUUU is setting up a cup with handle. No often I post single digit stocks, but this is just below the $10 mark + strong metal momentum + strong volume on the right side makes it an appealing setup.