UX2! Uranium Futures OutlookExpecting a continuation higher on COMEX:UX2! uranium futures, looking for a wave 5 in red to unfold.
Uraniumsqueeze
Denison Mines breaking outDenison Mines is breaking out of its 12 years range on massive volume.
The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry.
Coupled with the devaluation of developped markets currencies, this could propulse DNN much higher.
Next resistance is the $4 area, then there is $8.50 before the all time high around $14.
3 Year Cup and Handle for $URA UraniumWhen in doubt, zoom out. URA is forming the handle on the multi-year cup and handle pattern on the weekly. While doom and gloom besets the new investors, they would be wise to observe that this contraction is a part of a much larger pattern.
Besides, nothing in the fundamentals has changed.
Centrus Energy - 300% possible?Centruy Energy looks quite goot at this level.
Lets look at the longer timeframe. Stoch RSI looks to turn up.
We are breaking throught the 36M SMA and 12M SMA, as it seems.
Momentum has been reset in addition.
A more convervative view would be the monthly resistance Zone with around 195% upside.
300% sounds unrealistic? - The company was valued the same 2013, that`s why we have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
Bannerman 300% incoming? daily The typical Wave-2 target has been met.
We have retraced more than 0.618 and as it looks right now we could be heading for the Wave 3. The 1.618 extension would make 300%+ possible.
We have a confluence of resistance in this area in addition.
One of the Uranium instruments that look quite attractive at these valuations.
Aura Energy $AEE 13% weekHolding strong above all 3 MDA, and with decent volume. My best performing ASX
uranium stock by a mile the last 12 months.
Should be rebalanced higher in the URA next week, so one to watch.
Alligator Energy $AGE 10% WeekThe once most tweeted ASX stock up on the week withn 64m volume.
It looks like it will get rebalanced in the URA next week so it could be
worth a low ball bid...
No position.
Devex Resources +7% weekLike DYL, wedged between the MDA's.
Still trading at ultra low volume, only 1m traded.
Compare that to last November when it traded 18 & 17m weekly volumes..
Accumulating, and added more last week.
118,000 + CPS assays coming
Peninsula Energy $PEN +10% weekStill under all 3 MDA and a decent week's volume.
Looks ready to make a big move and hit those moving averages IMO.
No position.
Deep Yellow $DYL +9% weekWedged between the 50/100 MDA and the 200MDA
Had a good week with a very decent 18m volume traded
Paladin $PDN ASXPaladin met and is up off the 100mda with 58m traded for the week
For comparison it traded 424m back in Sept 2021 and 290m in Feb 2022
YCA says the weekly trend is up $YCA since 2020
We now have Higher lows, lower highs, the squeeze is ON.
uuuuappears to be in the 5th wave on the daily TF. The 5 up sequence looks good as I measured with a fib extension & have a clean W3 top around the 1.618%. Now run to the top of the expansion channel and test the 2.618% level for a wave 5.
8/24/22 UUUUEnergy Fuels Inc ( AMEX:UUUU )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 955.43M
Current Price: $7.30
Breakout price: $7.35
Buy Zone (Top/Bottom Range): $7.10-$6.10
Price Target: $8.70-$9.00
Estimated Duration to Target: 40-42d
Contract of Interest: $UUUU 10/21/22 8c
Trade price as of publish date: $0.65/contract
CCJ - LONGA great swing idea in a major uranium player. At major support. Looking to for a push higher once the squeeze fires.
She Gone! $FIND $BSNEFNot much technical here. They are sitting on billion$ of Uranium. Draw the chart how you want this one is going up!
Lotus Resources backtesting breakoutLotus Resources is backtesting its breakout for a significant move higher
Energy Fuel - Deja Vu Pattern, Cup Could Break to the UpsideEnergy 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 an emerging player in the commercial rare earth business where its work is helping to reestablish a fully integrated U.S. supply chain.
With a truly unique portfolio, Energy Fuels has more production capacity, licensed mines and processing facilities, and in-ground uranium resources than any other U.S. producer. It boasts diverse cashflow-generating opportunities, including vanadium production, uranium recycling and rare earth processing.
Denison Mines - Must Own Uranium PlayBullish engulfing forming with the last green candle absorbsing the last 3 candles.
-/ In order for the bullish engulfing to confirm, the next candle must be green.
-/ If not confirmed, price could test the 50 days MA, before accelerating.
-/ RSI and Stochastics are in positive territory and look good.
STRATEGIC PROJECT PORTFOLIO:
-/ 90% interest in flagship Wheeler River project – largest undeveloped uranium project in infrastructure rich eastern Athabasca Basin, with the potential to be a “top 5” producing mine
-/ 22.5% interest in operating McClean Lake Uranium Mill – 6M lbs U3O8 excess licensed capacity, currently producing +12% of global uranium production
-/ Additional leverage to the uranium price with interests in existing uranium resources at McClean Lake, Midwest, and Waterbury Lake
-/ ~280,000 hectares of prospective exploration ground in the Athabasca Basin
-/ Internal sources of cash flow from management of Uranium Participation Corp. (TSX-U), and Denison's Closed Mines Services, minimizing dilution to existing shareholders
FLAGSHIP WHEELER RIVER PROJECT:
-/Largest undeveloped uranium project in infrastructure rich eastern Athabasca Basin, including an estimated 132M lbs U3O8 in Indicated resources plus 3M lbs U3O8 in Inferred resources.
-/ Low estimated operating costs, with lowest estimate of initial CAPEX required to build amongst Athabasca Basin development projects(1)
-/Existing infrastructure supporting mining operations in proximity to Wheeler River – including 4 licensed uranium mines, 3 licensed uranium mills, and access to the provincial power grid and highway network – reduces development risk profile
Goviex Uranium - Looking for a Breakout of the ChannelA resistance or support is like a door, the more you hit it, the highest chance it may break.
Goviex has a huge uranium deposit in Niger.
There is also some political risk as Niger defines political risk.
The stock could trade sideways for some time, but in the mid to long term I expect this stock to do well once uranium prices move higher.
What a beauty - GLO (Too expensive right now?) - Global AtomicWhat a beautiful run that was from the lows last year. It's still not getting much love from many investors (maybe it is becoming to expensive compared to the actual results) but if they can deliver on their DASA project in Niger and go into production with the estimated $35/lb while uranium prices are at $100+ (wild guess :) it might have a lot of runway ahead... To me it's a keeper. $GLO
