Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.

TSX:FCU - Post by User

Fission Uranium Corp

Bullboard Posts

Comment by PamplonaTraderon Dec 01, 2015 10:28am

70 Views

Post# 24342428

RE:RE:RE:RE:RE:Don't Worry Be Happy!

PamplonaTrader wrote:

shawk wrote: What do you see FCU retracing to if the H&S completes?

You wont like my answer, and it's indicated by a green bar in my chart.

User image

Look at the chart above and compare with the rules provided by Bulkowski:

Head-and-Shoulders Top Identification Guidelines

Characteristic	Discussion
Price trend	Upward leading to the pattern
Shape	Looks like a head perched atop two shoulders. A 3-peak pattern with the middle peak above the others. The pattern should look like a person’s head and shoulders, proportional, and not lopsided.
Symmetry	The two shoulders should peak near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow peaks).
Volume	Highest on the left shoulder followed by the head. Trends downward 63% of the time.
Neckline	Joins the two armpits.
Confirmation	The pattern confirms as a valid one when price closes below an up-sloping neckline or below the right armpit when the neckline slopes downward.

Head-and-Shoulders Top Trading Tips

Trading Tactic	Explanation
Measure rule	Compute the height from the head (A in the Measure Rule figure to the right) to the neckline directly below (B) then multiply it by the above "percentage meeting price target." Subtract the result from the breakout price (C). The breakout price is where price crosses an up-sloping neckline, or when the neckline slopes downward, use the right shoulder armpit.
Price reversal	Price must have something to reverse, so if the rise leading to the pattern is small, expect a small decline.
Confirmation	Wait for confirmation before placing a trade.
Trends	A short-term rise leading to the pattern results in the best post breakout performance.
Velocity	A high velocity rise leading to the pattern often results in a larger decline post breakout.
Neckline	Patterns with up-sloping necklines perform better. The Measure Rule figure shows a green up-sloping neckline.
Shoulder	A higher left shoulder peak when compared to the right shoulder top results in a larger decline post breakout. The Shoulder Peak figure to the right shows this.
Yearly high	Patterns within a third of the yearly high perform worst, but the differences are slight.
Volume trend	An upward volume trend suggests better post breakout performance.
Pullbacks	Pullbacks hurt post breakout performance.
Symmetry	Patterns with an extended right shoulder perform worse. Symmetrical looking patterns also perform worse.