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@Goldfinger @Excelsior A MACD bear crossover doesn't concern me in itself, I focus on price action first above all else and technical indicators are secondary. My base case is that $URA will consolidate in sideways-to-lower fashion for several weeks, hence my "intermediate term top" post last week and taking a short position on the day the sector peaked. The way the pullback has played out both in terms of volume and trajectory leads me to believe there won't be a crash, the sector will have a mild correction before the next leg higher begins. $CCJ $CCO $NXE $uranium
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@Excelsior @Goldfinger - Thanks for the response on $URA that is good to hear. I thought you raised a good point with the declining volume on the pullback as well. In addition, it is bullish that the 50 day EMA has crossed up through the 200 day EMA to the upside. The MACD is a slightly lagging indicator, but it crossing does mark trend changes to the upside and downside more often than not. (It could just be a small downturn though, where it weaves closely together) http://stockcharts.com/h-sc/ui?s=URA&p=D&b=5&g=0&id=p80894542383 I'm liking your thinking on the mild correction in #Uranium miners before the next leg higher.
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@Goldfinger @Excelsior MACD will often cross multiple times during a period of oscillation, $URA is experiencing a trend change but necessarily the beginning of a downtrend, it could be a sideways trend. If the rally which ended last week was a blow-off top we would be seeing a lot more volume and downside price action than we have seen. Another 5-10% of downside would still be healthy and help to reset market sentiment and expectations, doesn't mean we'll get it though ;) $uranium
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@Excelsior @Goldfinger - Agreed on the healthy reset of the #Uranium market sentiment and expectations. Yes, when I mentioned it could just be a small downturn in $URA where the MACD weaves closely together, that was referencing a sideways consolidation where it would cross multiple times. We're on the same page there. However, if it crosses and doesn't start weaving and consolidating then..... (Likewise, if the MACD doesn't cross and just charges higher then..:-) "It's gonna be a really big show...."
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@Leon Since the U.S.election #uranium miners are up ~59% on pro-nuclear hopes. However, if nuclear-related announcements aren't made very soon from the Trump administration, the new found optimism could fade pretty fast. $URA $NXE $CCO www.visualcapitalist.com/chart-uranium-great-again-trump/
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@Goldfinger I have covered the $URA short position I took last week and blogged about here: https://www.ceo.ca/@goldfinger/the-uranium-rally-may-have-just-made-an-intermediate-term-top Made about 4% in less than a week and now I will be looking for a further consolidation to set up the next buying opportunity. As I shared on the stream last night I foresee a sideways-to-lower consolidation for a couple of weeks before the bulls try to take us to new 52-week highs. $CCJ $CCO $NXE $uranium
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@Goldfinger @Nick This is the sort of "kitchen sink" news we see at major market bottoms. The main concern is that it could push out the "turn" in $uranium supply/demand past 2020 which would be a pretty big negative for the sector as a whole. If Tepco doesn't buy those 10 million lbs from Cameco then someone else must, and at much lower prices, so more supply comes onto the market. If it's contained to just this one contract then it's minor news, the concern is that more contracts could be scrapped which would be a major negative for the sector as a whole. $CCJ $CCO $URA
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@Wannabeinvestor @goldfinger, have you now gone long in $URA? if $CCO holds support, this would be a good buying opportunity.
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@Excelsior It's very curious that news like this about $CCJ $CCO would surface, exactly at a time where the MACD crossed in a more bearish way for the #Uranium Miners ETF $URA. #TechnicalAnalysis #FundamentalAnalysis #ThingsThatMakeYouGoHmmmm http://stockcharts.com/h-sc/ui?s=URA&p=D&b=5&g=0&id=p80894542383
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@Goldfinger $URA correction has reached an important level, any deeper and it's starting to become more than a garden variety correction following a parabolic move: http://cdn.ceo.ca/1c972l0-URA_Daily_2.2.2017.png+ $uranium
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@PamplonaTrader #uranium stock candleglance http://imgur.com/hwoPNpz+ http://stockcharts.com/freecharts/candleglance.html?URA,CCJ,U.TO,NXE.TO,dnn,FCU.TO,UUUU,URG,UEC,GXU.V,AZZ.TO,PLU.V|B|0 $URA perky. $NXE breaking out. $U could be putting in a head and shoulders top, one reason to be cautious.
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@barracuda $DML $UEX $GXU $EFR and on the US side $UEC $CCJ options and the ETF $URA
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@Excelsior Today was an awesome day in the #Uranium Stocks ! Uranium Stock SYMBOL % CHG UEX Corporation $UEX +20.31% Clean Commodities Corp. $CLE +20.00% Forsys Metals Corp. $FSY +13.51% Kivalliq Energy Corporation $KIV +13.33% U3O8 Corp. $UWE +12.50% Uranium Resources, Inc. $URRE +11.90% GoviEx Uranium Inc. $GXU +10.39% Power Metals Corp. $PWM +10.26% Paladin Energy Ltd $PDN +9.68% Skyharbour Resources Ltd. $SYH +8.62% NexGen Energy Ltd. $NXE +7.67% Azarga Uranium Corp. $AZZ +7.32% Bayswater Uranium Corporation $BYU +7.14% Aura Energy Limited $AEE.AX +6.82% Fission 3.0 Corp. $FUU +5.88% Liberty Star Uranium & Metals Corp. $LBSR +5.63% Mega Uranium Ltd. $MGA +5.45% Cameco Corporation $CCJ +5.39% UR-Energy Inc. $URG +5.22% IsoEnergy Ltd. $ISO +5.00% Uravan Minerals Inc. $UVN +5.00% Western Uranium Corporation $WUC +4.80% Global X Uranium ETF $URA +4.43% Laramide Resources Ltd. $LAM +4.35% Deep Yellow Limited $DYL.AX +3.85% Fission Uranium Corp. $FCU +3.53% Purepoint Uranium Group Inc. $PTU +3.33% Energy Fuels Inc. $UUUU +3.29% Boss Resources Limited $BOE.AX +2.78% Peninsula Energy Limited $PEN.AX +2.61% Denison Mines Corp. $DNN +2.56% Mawson Resources Limited $MAW +2.17% Centrus Energy Corp. $LEU +1.95% Uranium Participation Corporation $U +1.75% Uranium Energy Corp. $UEC +1.73% Energy Resources of Australia Ltd $ERA.AX +1.38% Bannerman Resources Limited $BMN.AX +1.15% AREVA SA $ARVCF +1.03% Lightbridge Corporation $LTBR +0.93% VanEck Vectors Uranium+Nuclear Engy ETF $NLR +0.56%
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@Goldfinger I published this article a few weeks ago (https://ceo.ca/@Goldfinger/the-uranium-rally-may-have-just-made-an-intermediate-term-top) before we saw a 10%+ correction in the $uranium sector and my baseline scenario since then is that $URA would settle into a volatile range for at least a couple months. The marginal new high made the last couple of days doesn't change that and today's large bearish engulfing candlestick signals it's time to head back down to the $16-$17 area, bulls want to see a higher low (above $16.15): http://cdn.ceo.ca/1ca9ftq-URA_2.15.2017.png+ $CCJ $CCO $GXU $NXE
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@mtlzoom it's just following $URA index but $NXE is a beast #NextgenAndChill
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@Excelsior @Pon - It's hard to imagine #Uranium going back below $18 again (although anything is possible in resource investing); but it would appear that the bottom was the end of 2016. Will it be a rapid rise up in pricing? Not likely, due to the oversupply situation, and while pricing may muck around in the $20's for a while, the trend will be heading up going into 2018 and beyond. Could the uranium market be getting a bit ahead of itself at current levels? I recommend investors pull up a 5 year or 10 year chart and look at the recent move up coming out of late last year. It's just a little blip, and needs to be put into perspective. The average investor (even the gold & silver investors that thought their bear market was bad) just don't realize just how extreme the move down in these miners has been since 2011. For the miners to have clawed back a little bit is encouraging, and for those invested it seemed like a big move (and it was), but relative to the increases that will happen to many of these miners, this wasn't even the first inning of the game.... it was just the first base hit. ;-) This chart that goes back to 2011 should at least put things into perspective of where we are today with #Uranium Miners, and how the recent rally factors into the big picture. $CCJ $ARVCF $PALAF $UUUU $URG $DNN $UEC $URRE $URA $URPTF http://stockcharts.com/freecharts/perf.php?CCJ,ARVCF,PALAF,UUUU,URG,DNN,UEC,URRE,URA,URPTF&p=6&O=011000
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@Goldfinger $URA correction approaching the 10% market, heading for 4th consecutive losing session (longest streak since October): http://cdn.ceo.ca/1caoo95-URA_Daily_2.21.2017.png+ $uranium
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@Goldfinger $URA 5 days down (~-12%) on relatively light volume given the size of correction, daily RSI(14) testing median line, key spot here: http://cdn.ceo.ca/1caruo7-URA_Daily_2.22.2017.png+ $CCJ $CCO $NXE $uranium
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@Goldfinger $URA gap fill at $16.75, 6 days down with RSI testing median line from above: http://cdn.ceo.ca/1caudbe-URA_Daily_2.23.2017.png+ important spot here. $CCJ $CCO $NXE $UEC $uranium
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@Goldfinger $URA has had one of the most orderly declines i've ever seen in the last 7 trading sessions, tradable low should be close with confluence of rising 50-day moving average and previous support close by: http://cdn.ceo.ca/1cb0i98-URA_2.24.png+ $CCJ $CCO $NXE $uranium
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@Aaron One has to assume that this sudden dip (correction) will last only a short time and recovery in price will happen just as quickly? We got awesome news yesterday on drilling step outs (yet we go down - go figure) and PDAC,upcoming NYSE listing, and the coming up RE2 issuance shortly. Beautiful day for those with extra powder 💥 to buy with. Plus, as @Goldfinger stated we approaching 50 mda in $ura. #itsallgood
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@Treb Beautiful high volume hammers on both $ura and $nxe.
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@Goldfinger $URA - Double-bottom to the penny ($16.15) after 7 days down - 'hammer' candlestick reversal with highest volume session in history of URA with an hour still left in the session: http://cdn.ceo.ca/1cb143s-URA_2.24.2017.png+ #loadup $CCJ $CCO $NXE $uranium
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@Goldfinger Lots of hammers out there, enough to fill a toolbox. $NXE $POT $URA to name a few.....
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@Excelsior Uranium stocks were kind of a mixed bag overall today, with 1/3 up, 1/3 flat, and 1/3 down. Here were the Uranium Miners that had a ~green day today: Uranium Stocks – SYMBOL – % CHG Azincourt Uranium Inc. $AAZ +37.50% Eclipse Metals Limited $EPM.AX +12.50% Skyharbour Resources Ltd. $SYH +11.29% Uranium Resources, Inc. 4URRE +8.25% ALX Uranium Corp. $AL +8.00% Mega Uranium Ltd. $MGA +7.84% enCore Energy Corp. $EU +7.41% Bannerman Resources Limited $BMN.AX +6.78% UR-Energy Inc. $URG +4.64% NexGen Energy Ltd. $NXE +4.13% Denison Mines Corp. $DNN +3.74% Energy Resources of Australia Ltd $ERA.AX +3.33% Cameco Corporation $CCJ +3.11% Forsys Metals Corp. $FSY +3.03% Fission Uranium Corp. $FCU +2.56% Peninsula Energy Limited $PEN.AX +2.38% Toro Energy Limited $TOE.AX +2.13% Lightbridge Corporation $LTBR +1.94% Laramide Resources Ltd. $LAM +1.59% Global X Uranium ETF $URA +1.55% Boss Resources Limited $BOE.AX +1.45% Uranium Energy Corp. $UEC +1.25% VanEck Vectors Uranium+Nuclear Engy ETF $NLR +0.03%
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SEDI_bot Anglo-Canadian Mining Corp. $URA just filed 1 reports. View full report: SEDI:URA
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@Goldfinger Another 'problem' for $uranium sector bulls, today's breakdown is highly significant from a technical standpoint: http://cdn.ceo.ca/1cbr5r7-URA_Daily_3.6.2017.png+ $URA
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@Goldfinger UxC Spot price: $25.50/lb U3O8, up $3.25/lb, or ↑14.6% (weekly, at 06-Mar-17) $uranium $URA
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@Goldfinger $URA - Bullish engulfing after lower Bollinger Band test and 11 of last 13 days down would be a constructive sign: http://cdn.ceo.ca/1cbttan-URA_3.7.2017.png+ $16.15 becomes minor resistance. $CCJ $CCO $NXE $uranium
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@Goldfinger $URA $15.25 is the new 'line in the sand,' resistance $16.15 then ~$17.00: http://cdn.ceo.ca/1cbu9p3-URA_Support.png+ $uranium
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@Goldfinger $URA backtesting rising 50-day moving average and previous support: http://cdn.ceo.ca/1cc0889-URA_3.8.2017.png+ $CCJ $CCO $NXE $uranium
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@Excelsior #Uranium Miners And The Second Ideal Buy Point nextbigtrade - Mar 12, 2017 #TechnicalAnalysis $URA $DNN $DML $CCJ $UEC $NXE #OIL #NATGAS #USD https://www.youtube.com/watch?v=ePgsXiLBPiw+
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@Excelsior There was a nice run in the #Uranium stocks today. Fun times! Uranium Stocks SYMBOL % CHG (03/15/2017) U3O8 Corp. $UWE +16.67% Deep Yellow Limited $DYL.AX +12.73% GoviEx Uranium Inc. $GXU +12.07% enCore Energy Corp. $EU +10.00% Blue Sky Uranium Corp. $BSK +9.52% Plateau Uranium Inc. $PLU +9.26% Purepoint Uranium Group Inc. $PTU +9.09% Energy Fuels Inc. $UUUU +9.05% Kivalliq Energy Corporation $KIV +8.00% Forsys Metals Corp. $FSY +7.14% Uranium Energy Corp. $UEC +6.57% Mawson Resources Limited $MAW +6.10% Anfield Resources Inc. $ARY +5.88% Centrus Energy Corp. $LEU +5.11% Fission 3.0 Corp. $FUU +5.00% Power Metals Corp. $PWM +4.76% Toro Energy Limited $TOE.AX +4.55% Azarga Uranium Corp. $AZZ +4.05% Bannerman Resources Limited $BMN.AX +3.51% UR-Energy Inc. $URG +3.37% Denison Mines Corp. $DNN +3.00% Global X Uranium ETF $URA +2.79% NEXGEN ENERGY LTD $NXE +2.40% VanEck Vectors Uranium+Nuclear Engy ETF $NLR +2.16% UEX Corporation $UEX +1.52% Boss Resources Limited $BOE.AX +1.33% Fission Uranium Corp. $FCU +1.20% Peninsula Energy Limited $PEN.AX +0.92% Cameco Corporation $CCJ +0.83% Energy Resources of Australia Ltd $ERA.AX +0.71%
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@Goldfinger $URA 'dead-cat bounce' at key spot, a weak market will fail at this level, will be interesting to see if it stops here or can rally back above $17: http://cdn.ceo.ca/1cclf3k-URA_Daily_3.16.2017.png+ $CCJ $CCO $NXE $uranium
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@Goldfinger Bullish for $URA? ~~~> N. KOREA EXPANDED URANIUM-ENRICHMENT FACILITY, IAEA SAYS: WSJ
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@Goldfinger UxC Spot price: $25.50/lb U3O8, up $1.00/lb, or ↑4.1% (weekly, at 20-Mar-17).   UxC  5-Year $Uranium Price:  $33.75/lb U3O8, up $1.00/lb, or ↑3.1% $CCJ $CCO $GXU $NXE $URA
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@Excelsior @Ty - Thanks for sharing that chart on $URA http://cdn.ceo.ca/1cd51nr-Screen%20Shot%202017-03-23%20at%201.14.13%20am.png+ Back in late January I mentioned that the #MACD cross at those overbought levels concerned me, and could mark the turn downward in #Uranium stocks for the mid term. That's what we have seen play out. That H&S pattern is showing up in many of the U stocks, so we may still have a little downside left to work off.
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@Excelsior @Vaughan - Good thoughts - I had posted a chart of $URA back in late January and was concerned when the MACD crossed at over-sold levels that we may get and intermediate pullback in the Uranium stocks, and that is what we are seeing. Entering or adding to positions in the late Spring or Summer may work out well. @TY just posted a good update to the $URA chart that I'll post below that highlights the Head & Shoulders pattern playing out in #Uranium stocks: http://cdn.ceo.ca/1cd51nr-Screen%20Shot%202017-03-23%20at%201.14.13%20am.png+
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@Excelsior @Vaughan - will do. I'll be watching the slow stochastics RSI & ADX for an early signal, and then look at the MACD for confirmation as a lagging indicator. Here is the $URA chart at present showing the RSI heading down (but not quite oversold yet until it gets below 30) and the Slow Stochastics still heading down into oversold territory (I'd like to see that cross first, but not get embedded). #Uranium http://stockcharts.com/h-sc/ui?s=URA&p=D&b=5&g=0&id=p80894542383
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@Goldfinger UxC Spot price: $24.50/lb U3O8, down $1.00/lb, or ↓3.9% (weekly, at 27-Mar-17) UxC 5-Year Uranium Price: $32.75/lb U3O8, down $1.00/lb, or ↓3.0% (weekly, at 27-Mar-17) $uranium $URA
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@Goldfinger "Prime Minister Shinzo Abe’s government sees the return of atomic power as crucial for the country’s long-term energy security..." $uranium $URA
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@EvenPrime Is there a ticker for $URA on NYSE uranium ETF?
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@Goldfinger Japanese high court ruling removing injunction is seen as a positive for the $uranium sector as it opens a path for a potentially faster than expected restart of reactors. $URA
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@tcu $GXU held the critical 61.8%. Fibonacci retracement level. Big volume day. $URA also had a good day with good volume. Looks like we may have a second bull run in what will be A very long, amazing ride
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@tcu $URANIUM and $URA looking like another rally coming this week. With more japanese restarts coming online, this will reduce supply being tossed on the market. Russia also cutting production from kazak top producer. Looking good! Glad I bought a bunch more $GXU the last week! What a purchase, very very cheap
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@tcu Another increase today for $URA. Nice volume again. $URANIUM sector starting to really perk up!
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