URA trade ideas
Is the Uranium meltdown finally over?This may be the key resistance break Uranium investors and speculators have been waiting for. The entire Uranium sector has been one of the saddest beaten dogs I've seen in a while - wrecked for years after Fukushima...That fakeout in early 2017 was brutal for top buyers. All it seemed to take was CCJ shutting a mine down recently to light a fire under this dead dogs ass and we've seen a rocket ship rally since...I've been long URA for a while and am now interested to see if we finally have the conditions to sustain a longer-term uptrend.
The road to $30 is loaded with resistance, however, given enough time I think bulls will begin testing higher levels. I am a buyer of dips and will sell portions of my position on spikes as this is clearly a very volatile sector.
Long uraniumI am bullish uranium i think price bottomed at 11.00 dollar
targets
18
28
38
50
65
i am accumulating
Long UraniumUranium has long been a sector I avoided, but today's news might change that: a company (Cameco) is dramatically cutting production.
In addition, on the URA chart I see a long term triple bottom with small stop run. The 50 wma has also flattened out.
I don't like to chase a day like this, but it has not given up anything since the morning.
Taking a position here, stop below 13.
Uranium: Corrective pattern approaching completenessUranium has been lagging on the energy complex in 2017. I suspect the bottom is finally in. Targeting 24.
URANIUM MINERS ETF IS GETTING READY FOR BIG GAINSI will analyse some uranium stocks in the coming days if you are interested.
Uranium prices are extremly depressed, i don't think they will fall much further from this levels, this could be a multiyear opportunity to load up on uranium mining stocks
Bullish divergence in UraniumThe same divergence can be found on a weekly and monthly basis going back to the previous low on January 2016.
Looking for a pop over the 50ma.
Bought with a tiny position here.
URA - Fallen angel type of momentum long from $13.77 to $23.73URA is forming a very nice uptrend. Moneyflow was diverging & now broken to the positive side. And on the weekly frame it seems it has huge upside potential.
* Trade Criteria *
Date First Found- July 13, 2017
Pattern/Why- Fallen angel type Long
Entry Target Criteria- Break of $13.77
Exit Target Criteria- 1st Target $16.93; 2nd Target $23.73
Stop Loss Criteria- $12.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Long opportunity on weeklyNice example of market drying out of investor interest and demand finally coming on heavy volume, marking the typical first wave of Elliot Wave Principle. Second wave look good as well and has ending diagonal in C. We are still close to the support level at $12, so we can setup SL slightly below, getting decent risk to reward.
URA: Uranium ETF bottomed after a terminal pattern completion?It's possible the Uranium ETF $URA has bottomed here. If this is the case, we can expect a rapid rally as depicted on chart. Odds are low, but risk/reward is significant if this trade works well. You can enter with a tight stop under the lows, or risk 3x the ATR value down from entry.
Good luck!
Ivan Labrie.
Extreme Bullish URAWe have 3 examples of bullish divergence in MACD, CMF, and RFI. This voids the bearishness of the descending triangle. We have even had a brake out of the descending triangle with a somewhat modest increase in volume. Thankfully I took the gamble and assumed it would break out when it bounced off the horizontal support line.
I will be setting a stop loss at 12.40 just in case I'm wrong.
Uranium at Crucial SpotVery important spot here for URA. We'll need a nice reversal bar tomorrow otherwise this idea needs to be shelved until further notice. Fundamentals are still bullish here, but we just need the technicals to come around.
Uranium: Next leg up in the new bullmarketUranium have retraced to 61.8 fib and found dual trendline support.
A good entry for long.
URASelling current position at the top of wave 1 (red scale). Buying double size and adding call at the bottom of wave 2 (red scale). Selling all stock at the top of 3 (red scale).
URA as Uranium makes a comebackUranium has been under pressure for ages. But now the trend seems to be changing with new ATH on monthly RSI and price knocking on a b/o. When above 17 this could target 24.
