Australian Dollar/U.S.Dollar (AUDUSD) Day Chart Elliott Wave Technical Analysis 6 February 24
-
-
Posts
-
By Ryan_Anderson · Posted
Against the backdrop of global market turmoil, the U.S. Senate has passed the "Prohibition of Russian Uranium Imports Act," sparking widespread attention and discussion. With this bill expected to be signed into law by President Biden in the coming weeks and prohibiting all uranium supplies from Russia 90 days after enactment, market expectations and dynamics are changing. As a professional stock market analyst, I will conduct an in-depth analysis and assessment of the impact and prospects of this bill. Russia, as one of the major suppliers of uranium resources of the world, cannot be overlooked for its rich uranium economic resources. According to the World Nuclear Association (WNA), Russia holds approximately 9% of the reasonably assured resources of uranium economic resources of the world and was the sixth-largest producer of uranium before invading Ukraine, accounting for 5.5% of global uranium production. Therefore, the U.S. uranium ban will directly impact the global uranium market supply and demand landscape. The passage of this bill will lead to significant changes in the global uranium supply chain. The restricted supply of uranium under this bill will greatly reduce, potentially leading to a rise in global uranium prices. For other uranium producers, explorers, and developers like Australia, this is undoubtedly a huge business opportunity. With the increasing demand for uranium hexafluoride, the demand for U3O8 will also increase significantly, presenting unprecedented development opportunities for the Australian uranium industry. However, we must also recognize that the U.S. uranium ban poses certain risks and challenges. Firstly, for countries and companies reliant on Russian uranium imports, they will need to find alternative supply channels, potentially causing short-term market instability and supply shortages. Secondly, this U.S. move may trigger protectionist measures for uranium resources in other countries, further distorting the global uranium market competition landscape. Nevertheless, I am optimistic about the future of the Australian uranium industry. As one of the largest uranium resource-holding countries globally, Australia holds a significant position in the global uranium market. With the implementation of the U.S. uranium ban, the Australian uranium industry is poised for a new round of development opportunities, promising lucrative returns for investors. -
By JavierPuente · Posted
Dealing with depression can feel like a real drain, both emotionally and physically. It's tough, but there are things you can do to help improve your mental health.First off, reaching out to a mental health professional or even a website like nationalrehabhotline.org can be a great first step. They can advise you on managing depression and finding the right treatment for you.In terms of fixing drainage issues, that's more of a practical problem. It might be worth looking into DIY solutions or contacting a professional if it's a bigger problem. -
By tradinglounge · Posted
COST Elliott Wave Analysis Trading Lounge Daily Chart Costco Wholesale Corp., (COST) Daily Chart COST Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 5 DIRECTION: Upside in Minor 5. DETAILS: Trading Level 8 at 800$ will provide resistance, looking for a five wave move to unfold in wave 5. COST Elliott Wave Analysis Trading Lounge 4Hr Chart, Costco Wholesale Corp., (COST) 4Hr Chart COST Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 5. DIRECTION: Pullback in wave {ii} DETAILS: Looking for a pullback in wave {ii} to then continue higher and target longs. We seem to be finding support on 720$. This comprehensive Elliott Wave analysis provides a current and future perspective on Costco Wholesale Corporation (COST), focusing on the potential price movements as indicated by the Elliott Wave theory on the daily and 4-hour charts as of May 7, 2024. Investors and traders can leverage this detailed insight to optimize their market positions. * COST Elliott Wave Technical Analysis – Daily Chart* The daily chart of Costco reveals that the stock is currently in an impulsive, motive wave structure, specifically identified as Minor wave 5. This indicates an upward trend with expectations of continuing momentum. The analysis points out that the $800 price level, referred to as TradingLevel8, is expected to act as a significant resistance. In this phase, a five-wave structure within wave 5 is anticipated to unfold, suggesting sustained upward movement. * COST Elliott Wave Technical Analysis – 4H Chart* Zooming into the 4-hour chart, Costco is currently positioned in Wave {i} of Minor 5, and a pullback in Wave {ii} is expected. This pullback presents a strategic entry point for traders, with the stock finding preliminary support at the $720 level. Following this correction, a continuation higher in Wave {iii} is likely. Technical Analyst : Alessio Barretta Source : Tradinglounge.com
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now