$NLR Longing the DipI am looking at places to buy the pull back. Will start filling at least a little bit but ideally get a straight forward trade set-up like this one so I don't have to ape market buy and pray.
NLR trade ideas
Wyckoff in Progress: Every EV planet has its moon. URANIUMPlanet EV has many moons like Jupiter. URANIUM, the second biggest one...
uranium nuclear etfThings that go BOOM!
Rocket ship taking off...
notes
continuation breakout
early breakout line
3 year moving average
squeezing price upwards
#uranium
Short $NLR from 56.25Could be entering a down channel. This is the test.
Entry: 56.25
SL: 58.5
TP: 48.25
Long $NLR (VanEck Uranium Nuclear Energy) from 52,56Uptrend from Covid low, but now in a more stable channel. We are looking for a bounce at the bottom of the channel which happens to be around the pre-covid high. There is also a fundemental trend in the ongoing discussion about energy supply that supports this play.
SL: 50,35 (previous bottom)
TP: 59,72 (previous top, which is also resistance level from 2011)
We need to get back above 54 quickly in order to regain breakout status. It will be exciting to see if we can break previous top 59,72 for a move to 69-70, which I see as next resistance level.
2021-08-28 Uranium and Nuclear Energy NLR - LongPrice is again knocking on the door of overhead resistance on the monthly chart. 4th time since 2014.
Looking like floodgates can open in coming few months. Breakout should be easy to spot. All hands on deck
