I believe the election result from Japan last Sunday is the reason for the uranium kick-off today.

Unfortunately, I did not have any $USU on me so I missed the 156% phenomenal increase.  However, there are others that are likely to catch up pretty fast- mainly $DNN.  $URRE has already moved 21% today so I’m not going to chase this one.

Chartwise, $DNN is breaking out of the downtrend line with super high volume.  Thus, I bought $DNN today instead of the others.

My 2 cents.

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I bought $DNN today.  I’ve been watching and waiting and I think it is time to get back in.

See how price action took out the resistance line (blue) yesterday.  And today, it gapped up.  I thought I could wait for it to retrace back to the blue line but there were just too many bids holding this one up.  So, I decided to join in and bought a 3/4 size position on it.

I also took advantage of $CCJ correction today to buy back in starter share.

Did you see the intra-day (3m chart) uptrend line after the downdraft this morning?

Take a look at the daily chart below, see how $CCJ is still trading inside the consolidation range?  If it breaks out of the range to the upside, it will be a runner.  The longer it stays in the range, the harder it will run once it breaks out.

I also bought $URA today.  Take a look at the daily $URA chart below.  It looks like it is about to bust thru the downtrend line.

My 2 cents.

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