Replies to post #511 on Denison Mines Corp (DNN)

[Pro-Life]

Actually, jumps in premarket are common. My take is that the jump you see in premarket is actually UNDER the MA50 @ $2.05 and way below the MA200 @ $2.67... I heard once that nobody ever lost money in a bull market buying at or below the MA200... arguably, U308 is in a super mega trend.

All the best to you and thanks for the premarket observation!

[dmlabuda]

Well, if you look at the 15 minute chart there is a broadening price pattern forming and a potential diamond formation as well. There is also a bearish divergence between the stochastics and the price. If you then switch back to the daily chart with that knowledge, it looks a lot like just a bounce in a bear market. So, I took profits this morning. I did not annotate my chart on this one but, if you do not have access to intraday charts, I can do one quickly for you. URG (another uranium stock I watch) is showing exactly the same patterns. So, I guess it's not time for a Uranium rally quite yet.