Sprott Physical Uranium Trust $SRUFF
✅ 41% increase since entry @ ascending triangle
breakout
🎯 Target remains 0.618 Fib Ext at $30.00
❌ Stop Raised to $20.00 guaranteeing 23% profit
I may exit this trade earlier if diagonal is breached.
Had a much larger entry planned for green zones, never happened. Thats ok though, thats why initial position size...
SRUUF has pulled into the gas station for snacks before lift off. It's formation of an ascending triangle is bullish. It's just hit the lower side of the buy wall formation. it clearly has a sell wall around 25.07 and an ascending buy wall causing price to coil up. Breakout coming soon.
Update: The confluence the horizontal resistance zone and the rising wedge broke to the upside. It looks like that the uptrend might be continued despite bearish signals. Price seems to be on its way to $37.50. The train is leaving the station. Those who still want to catch it, should jump on it now.
Sprott's Physical Uranium Trust did it finally:
It broke out of the confluence formed by a horizontal resistance zone from Oct. 07 and the bearish wedge to the upside. The new target now is high from April 07.
However, there's some water in that wine:
The breakout is not really supported by volume and the daily chart shows that momentum has been fading for a...
If U.UN manages to keep its current strength a new buy signal will be generated once it will have cleared CAD 28. If it finally succumbs to the bearish rising wedge and its confluence with the current resistance zone between CAD 27 and 28, one could try to get in cheaper between CAD 25 and 25.50. The situation would turn increasingly bearish at CAD 24.75 and...
Uranium has now reached our orange Target Zone between C$26.86 and C$28.77. According to our primary expectation, this is the area in which we locate the high of the green wave (B), which is why the price should now make a small final rise before reversing. Subsequently, a pronounced sell-off is then on the cards with the green wave , which should reach the...
As part of the green wave (B), physical uranium recently experienced a small setback, but the short-term upward structure remains intact. We need to give the upcoming corrective rallies more room to the upside, which should be followed by a strong sell-off in the course of the green wave (C).
Sprott Physical Uranium Trust - $SRUFF
Chart Really Speaks for itself
A nice ascending triangle with ideal entry opportunities for the patient.
Will follow up if we trigger and ideal entry
PUKA
The price of uranium has moved significantly higher over the past few days, approaching the expected high of the turquoise wave 2. As a result, we expect the price to begin a longer-term downtrend in the not too distant future This is necessary in order to form the superior green wave (C), the end of which we see likely just above the support at $12.17. The focus...
Uranium is in play from July 2021. Spiking in September 2021 and April 2022 with minor highs in October 2022 and February 2023. Current range is around 13.50 and 19.00. Prices might drop below this range but strong fundamentals is needed. Seems like traders who are long will hold their positions waiting for fundamentals. I don't think any strong buyer will come to...
Uranium getting forgotten... yet the price has not broken down.
Still hanging ABOVE a MASSIVE volume defined base.
#fintwit #uranium #inflation #silver #gold
Bulls and Bears are fighting it out in a key support zone:
Bullish:
- Hammer candle may form in key support zone provided by an open gap that may not get completely closed today (may still change today)
- Support also given by uptrend line that hasn't been broken as of now (may change until close, though)
- Slight bullish divergence in price and OBV that doesn't...
