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.