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matt.sulli42

A Second Look At DNN: The Bullish Case (with short contingency)

Long
Denison Mines Corp (AMEX:DNN)  
matt.sulli42 Mis à jour   
AMEX:DNN   Denison Mines Corp
confluence support Cup And Handle uranium pennystocks LONG short Bullish Patterns Elliott Wave Fibonacci
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confluence support cupandhandle uranium pennystocks long short bullish elliottwaves fibonacci
Hello, traders! A busy chart,but hopefully not too confusing. Yesterday, i posted a more or less bearish case against DNN. After taking a second look, i see bullish rsi and stoch. I see a fine example of an elliot wave 8 pattern with the final corrective wave c ending at the 1.618 of wave a. Also, you'll notice the fib retracement and extension together look like an excellent area for confluence and support. After a few days of consolidation, DNN could move upwards and make for nice cup and handle. Then again, only time will tell! do your homework!! Best, Matt
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