70% BULLISH 30% BEARISH. Watch for the validating of the bullish div on the daily and the hidden bullish on the wkly.
Ask yourself: Would you have been able to hold through the multiple 40% corrections in between?
THe sprott effect leading to a strong run in the price of #Uranium maybe we will see a huge volume break out in the comming days
See chart for levels, break of yellow line to initiate position, break of red resistance to confirm strength in this leg. Looking to yellow ellipse for target if this is confirmed.
$UUUU -Daily - pocking its head above 200DMA and long term support. VPVR point out to $5.32 and $6.02 price target
Energy Fuels, Inc (UUUU) has printed a head and shoulders with measured target from the break of the neckline suggesting a 60% fall. Volume and Relative is declining, with Volatility pivoting off yearly lows. Price target is 2.35
The FA for the entire uranium industry could not be more bullish. UUUU has added the rare earth processing element to its books which will prove to be a massive asset as 90%+ of all rare earths are processed in China. TA wise I think we follow the trend through the ichi cloud and retest $6 as resistance. Would like to see it broken and the retested for push back...
WIth all the hype about green energy, the only sustainable and reliable form of clean energy is nuclear (maybe hydro but thats another story). Nuclear Power plants have not been meddled with for about 40 years. Many of those which are being decommissioned (???). Solar and wind produce more toxic waste to the environment when compared to nuclear. Which nuclear...
Wedge forming along a horizontal support. Sitting on volume shelf also. Daily hidden bullish divergence on the MACD. Double bottom on the daily RSI. Weekly triple hidden bullish divergence on the MACD. Stop = Break of trend line/below recent low. 1st target = Resistance 2nd Target = Previous high/0.618 fib extension 3rd Target = Resistance / 0.786 fib...
One for the watchlists , when this breaks out of consolidation pattern will be a nice mover
Updating my chart as it seems to be followed by a few lately and has proven accurate since breakout in Nov.. We may see a quick (C) down to the confluence of support (Trend, Fib and MA) which would constitute a spike, though it may have enough buying buoyancy to be rather shallow. Once correction is complete, this week will show the beginning of a W5 up to the...
Update to my UUUU chart. I last posted a while back before breaking out of the wedge where I proposed repositioning if we failed to break and challenge the red trend resistance. Since we have broken the wedge to test the RED. The RED was stiff and we will now retrace the move since April. This part of the wave structure would usually retrace shallowly, but I...
Energy Fuels is the leading U.S. producer of uranium – the fuel for carbon- and emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating climate change and air pollution. Energy Fuels is also a major U.S. producer of vanadium and...
Next stop is $7.92 if we breakout this level hold your hats. Ichimoku Cloud show all signs of farther advance
UUUU broke out of consolidation today with a strong move off of the 50 day moving average. Target price on pattern measured move is $9.30. Failed breakout at $5.22, set stop.