Sunday, September 02, 2007

Canadian Uranium Stocks

ABN-vc (Consolidated Abaddon Resources Inc.)

Monthly chart shows a double top resistance for the move down. Currently, there is an abc three wave pattern down into .786 fib support. No buy signal evident as of yet for this down move.

AXU-tc (Aurora Energy Resources Ltd)

Weekly chart shows a retracement of more than .618. Current resistance is at .50 fib level or $14 range. IF the current support can hold (look for evidence of a double bottom) THEN look for test of the highs. Otherwise, look for a test of the lows of $3.64 area.

BAY-vc (Bayswater Uranium Corporation)

Weekly chart shows the stock near its lows. IF there is 5 waves down, THEN look for a retracement of the move down. No clear buy signal as of yet.

BTT-vc (Bitterroot Resources Ltd)


Monthly chart shows double top that started the current move down. Stock remains very weak for now.

CVV-vc (CanAlaska Uranium Ltd)

Monthly chart shows possible support at the $0.32 low. No clear buy signal as of yet off the monthly chart.

CXX-vc (Crosshair Exploration & Mining Corp.)

Monthly chart shows stock sold off since December 2006. Price is currently trading near the lows for the year, and well below the prior key LIS of $2.00.

CZQ-tc (Continental Precious Minerals)

Weekly chart shows a reversal pattern off the prior support level of $1.10. First upside target is the .382 fib level of $2.97ish.

DML-tc (Dennison Mines Corp.)

Monthly chart shows the selling found current short term support off the 34ema, which is also a prior small LIS. No clear buy signal as of yet based on the monthly chart.

EFR-tc (Energy Fuels Inc.)

Monthly chart shows the sharp selloff has found short term support off the .786 fib level, where early buyers stepped back into the stock. No strong buy signal as of yet off either the weekly or the monthly charts.

EMC-tc (Energy Metals Corporation)

Weekly chart shows early buyers stepping back into the stock. Currently, there is a three wave abc pattern into the .50 fib level support. IF the currently low of $11.31 holds, THEN look for a double bottom for entry long.

FCO-tc (Formation Capital Corporation)

Monthly chart shows the selling last month found some support off the $0.40 level as early buyers stepped back into the stock.

FDC-vc (Forum Uranium Corp.)

Monthly chart shows support off the $0.32 area, where early buyers stepped back into the stock.

FIU-tc (First Uranium Corp.)

Weekly chart currently shows price above the key LIS of $7.76, where early buyers stepped back into the stock late last week. IF buyers continue to come back into stock, THEN fist target is the $9.14 area, which is the .382 fib level as well as a small LIS.

FSY-tc (Forsys Metals Corp.)

Weekly chart shows current support at the $2.70 level. Watch for early buying off htis level.

GEM-vc (Pele Mountain Resources Inc.)

Monthly chart shows price found support off the .786 fib at $0.38. Early buying is evident with monthly close right at the key LIS of $0.60. IF this holds as support, THEN look for move back up to test the highs.

JNN-vc (JNR Resources Inc.)

Monthly chart shows the selling found current support at the $1.50 area key LIS. IF buyers can hold this level, THEN look for continued upside to test the current highs.

LAM-tc (Laramide Resources Ltd)

Monthly chart shows the sharp move down found support at the $4.00 level, where early buying is evident. Look for this low to hold before entering any longs.

MGA-tc (Mega Uranium Ltd.)

Monthly chart shows sharp move down has found short term support off the $2.42 level. Look for evidence of this low holding before entering any longs.

MZU-vc (Mesa Uranium Corp.)

Weekly chart shows stock to be stuck in a large trading range. Current support of $0.30 found some early buying. Look for potential test of the top.

NWI-tc (Nuinsco Resources LImited)

Monthly chart remains bearish, with price trading near its lows.

PTU-vc (Purepoint Uranium Group Inc.)

Weekly chart shows current support at $0.38. Selling seems to have stopped, if temporarily. IF the low holds, THEN look for buy signal to enter long for a test of the highs.

PWE-vc (Powertech Uranium Corp.)

Monthly chart shows short term support to be at $1.25. Early buying is evident off the current low. First level of resistance is the key LIS at $2.00

QTA-vc (Quaterra Resources Inc.)

Monthly chart shows support at $2.21, with early buyers stepping back into the stock. No clear buy signal as of yet off the monthly chart.

RSC-vc (Strateco Resources Inc.)

Monthly chart remains bullish, with early buyers stepping back into the stock during the month of August.

STM-vc (Strathmore Minerals Corp.

Monthly chart shows current support to be at $1.70. Early buyers stepping back into stock, creating a hammer candle pattern. Look for pullback to enter long off daily/weekly chart.

TXM-vc (Triex Minerals Corporation)

Monthly chart shows current support off small key LIS at $2.53 area. No strong buy signal as of yet off the monthly chart.

TVC-vc (Tournigan Gold Corporation)

MOnthly chart shows retracement to the .618 fib level of the whole move up. Early buyers stepping back into stock, however no strong buy signal as of yet off either the monthly or weekly charts.

U-tc (Uranium Participation Corp.)

Monthly chart shows market retraced to the .618 fib of the whole move up. Early buyers showing up at the support of the .618. No strong buy signal as of yet off either the monthly or the weekly chart.

UEX-tc )(UEX Corporation)

Monthly chart shows current support at $3.71 where early buyers stepped back into stock. No strong buy signal as of yet off the monthly chart.

ULU-vc (Ultra Uranium Corp.)

Weekly chart shows signs of early buying.

UMN-tc (UraMin Inc.)

Weekly chart shows buyers stepping back into stock. Look for test of top initially.

UPC-vc (Uranium Power Corp.)

Weekly chart shows short term support off the $0.40. IF this can hold as support, THEN look for double bottom to enter long.

URE-tc (Ur-Energy Inc.)

Weekly chart shows support off $2.20 area. IF the support holds, then look for buy signal off the daily chart to enter long.

UUU-vc (UrAsia Energy LTD)

Weekly chart shows price consolidation near the highs. Look for support to hold and for higher.

UWE-vc (U308 Corporation)

Weekly chart shows short term support. Look for higher low to be made to enter long.

WNP-vc (Western Prospector Group Ltd.)

Monthly chart shows that the stock gave up all of its gains during the past month of August. Early buyers testing the waters by stepping back into the stock, but no buy signal as of yet off the weekly or monthly charts.

XE-vc (Xemplar Energy)

Weekly chart shows support off the $1.00 level with early buyers stepping back into stock. Look for pullback to enter long.

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