hello freinds
this chart we shows that this market will know a downtrend on next days when i recommend Selling with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
cordialy
urg recently did a triple bottom bounce off extreme support and also broke downtrend resistance.
If support holds we can target 1.61-1.9-2.19, if it broke below support.
a break below support will send it to .85-.7-.65
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RSI going a bit into the overbought area but the very high buy volume, and the strong resistance at 1.25 being broken can be used as a reason to disregard slightly the RSI oversold level. Bounced off of the resistance on the hourly candles which confirms this as a resistance (now a support). Placing my PE over the days high and placed the stop loss under the 1.25...
UR Energy, along with many other uranium stocks, just broke out of its 4 month consolidation. Expect a move to $CAD 4 until August, likely with some overshoot.
Nice action today in an entire uranium sector. Spot price has not moved today at all. I think May will be a good month for uranium investors. URG is looking good, both Stoch and RSi in an uptrend direction. We need to move above 50 DMA and breakout resistance line.
Sucks that the open today broke to the red so fast. We're trading right at the $1.14 Fib line. IF the $1.14 line holds well, we may see the rest of the week trade green. IF we break definitively below that $1.14 mark by today's closing bell, it could get a little ugly over the next few trading days.
*This is NOT Financial Advise. Do your own DD and trade wisely.
ATR $0.13 , watch the level marked by the red arrow . Quick target $1.36 .If URG moves above the red line and then establish support on it move to the higher price is possible.
P.S. Do your own DD, my forecast can be wrong.
Reverse H&S formation on this chart. Super bull on URG as well both fundamentally and technically. Target price is $2.04 and the time frame is April 12th to get us there + or - on a price and time frame.
A breakout of the bullish pennant would trigger a SCOTCHstocks target range for AMEX:URG of $1.80 - $1.96.
Everything shared here is my own opinion and no results are guaranteed. Good luck!
This likes to gap N fade
Grabbed a bunch of commons to swing since its super affordable. Was on my weekend review/good-ideas list.
In at $1.3999
Stop is $1.20
Target is $1.84 - $2 would be insane.
The over shoot to the upside was meet with the overshoot to the downside and hit the Fibonacci retracement point on Friday. The extreme bearish sentiment kept most buyers on the sidelines allowing the shorts to dump shares and manipulate prices down to the fib support level. There should be a bounce from here within days. Weak hands and sellers capitulated on...
