Deep Yellow Uranium... Symmetrical triangle forming nicely here. Uranium market is currently experiencing a healthy bull pack. Once we bottom deep yellow will make its move.
DYL is looking good as it has bounced off the 200SMA which is also a good Support zone, and is consolidating currently. It has also broken the downward sloping trendine with high volume. I expect a swing higher with a target of $0.825 (potential 20% gain) with a tight stop below the swing low.
Please note these are my own notes, by no means trading advice....
$DYLLF is getting ready for next leg up. 2 main indicators - Bull Flag and Price fighting around resistance line. IC looks ok but not in stealth mode yet. That can change very fast with advancing Sprott price oops I mean Spot #uranium price
Constructing a new mine is always a challenge, but under John Borshoff the odds increases heavily.
Despite the recent price run up, the stock price of Deep Yellow is poised to trade way higher as uranium spot price increases.
The Company expects to produce 2-5mio pounds of uranium during its first years, and is allocating its money in development and exploration...
Many indictors are pointing to an advance move. Ichimoku cloud needs to turn green to complete all of the parameters. 20DMA is ready to cross 50DMA. Price is sitting on a main resistance line. When break out takes place it will lead to ATH.
We might have a break out as soon as Monday 04/12/2021 - very close to resistance line. Legendary John Borschoff is running this company. He ran Paladin where share price went from pennies to $10 a share
this week urnaium miners
pDN and DYL have broken out.
good signal for the yellow cake
energy is needed for any economy to grow
with all these TESLA virutal signalling phonies there
will be more need for clean energy.
DYL , Big hammer on weekly in previous supply zone.rejected 50W MA.. Broke-Backtested-Rejected ascending triangle support.
Possible demand zone and reversal area indicated on the chart, watch for RSI support on this pullback.
After finding support on the trend line on the 9th and 11th April, DYL has found momentum looking forward again.
Daily RSI STOCH RSI and MACD all pointing to positive signs for Australian based Uranium miner. This area of $0.375 - $0.40 is where accumalation is and is going to be a major support level in the future as it is now. $0.40 must break to see a major...
