Uranium Charts

While stocks in general appear to be on the cusp of a major bear market, we believe and hope that uranium and related shares are on the verge of a "boom".


Charts can be clicked to view larger versions in a new tab.

In the following chart we see that uranium broke a long-term down trend early this year, and is now at a 30-month high:

Anticipating the down trend in uranium would be broken, late last year we turned bullish opening a few positions seeking to repeat the massive gains via uranium stocks we booked in the first couple years of this blog.

We were severely criticized for selling when we did, while uranium shares made front-page news and speculators miscalled "investors" were scrambling to buy at any price, but time has shown it was near a historic top, and the long plunge in uranium price and its releated stocks happened just as we'd predicted.

History repeats, however, and to us it looks like another uranium superboom may be on deck so we're hoping to once again buy near the bottom and sell again far higher near the eventual top.

Cameco (CCJ in the States, CCO in Canada), is a major uranium miner.

On its chart below we see a long-term down trend broken in early 2017 and a nearly 2-year down trend about to be broken.

Next is URA, the Global X Uranium ETF, looking very similar to Cameco.

Here's a 10-year chart of Mega Uranium (MGA in Canada, MGAFF in the States):

And a 1-year chart of Mega, showing a 10-month down trend broken today:

Next is Skyharbour Resources (SYH in Canada).

We see down trends broken with possible resistance around $0.70

Blue Sky Uranium (BSK in Canada, BKUCF in the U.S.) 10-year chart:

In the chart above we see the long-term down trend ending in the spring of 2016, after which trading volume rose dramatically.

In a close-up 4-year chart of Blue Sky we see that the share price began a tenfold rise in mid-2016, and that a more than 2-year down trend is now broken:

Pinetree Capital (PNP in Canada) will break above its down trend if it crosses above roughly $2.25

Next we present Fission Uranium (FCU in Canada, FCUUF in the States and FSE in Frankfurt):

Denison Mines (DNN in the U.S. and DML in Canada) has broken above a nearly 5-year down trend:

Energy Fuels Inc. (UUUU in the States, EFR in Canada) is looking great, having broken its down trend earlier this year:

We own, or soon expect to own, shares in all of these companies, as per this post earlier today.



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