1. Detailed Technical Analysis of Denison Mines Corp (DNN)

A. Trend Analysis & Chart Patterns

Long-Term and Medium-Term Trends

• February–Early April 2025: DNN showed multi-week volatility but maintained a range between $1.15 and $1.50, followed by a mid-April capitulation to $1.08–$1.19. This mirrors a classic accumulation phase after prior drawdown.
• Late April–June 2025: An upward momentum builds steadily. Since late May, the stock surges from $1.54 to recent highs of $1.86+, clearly breaking out from its earlier consolidation.
• Most Recent Candles (June 26, 2025):
  • Intraday, price breaks above $1.80 after a retest of support at $1.75; it prints a strong bullish bar toward $1.85 before closing at $1.84.
  • Recent hourly action shows consolidation above prior breakout levels ($1.80–$1.84), supportive of a potential continuation.

Pattern Recognition

• Ascending Triangle/Flag: The last 10 trading sessions show an ascending triangle with rising lows, repeatedly testing $1.85 resistance—bullish breakout setup.
• Volume Profile: Volume exploded on upward moves (e.g., June 16–18, June 23), confirming institutional participation, notably on breakout candles.
• No Bearish Reversal Patterns detected; current price action stays above short-term moving averages and high-volume nodes.

B. Price Action & Candle Structure

• Support Levels: $1.75, $1.80
• Resistance Levels: $1.85 (recent high/intraday top), $1.90 (psychological)
• Last Close: $1.84 (very close to session highs)
• Hourly Structure: Consistently higher lows, closes near highs with healthy pullbacks being bought up.

C. Technical Indicators

1. Moving Averages (SMA/EMA):

   • 20-period EMA (est.): $1.78 (Price above, bullish)
   • 50-period SMA: $1.70 (Price well above, confirms uptrend)
   • 200-period SMA: $1.45 (Distance from long-term mean signals strong momentum)
   • Interpretation: Price is overextended from long-term averages but EMA/Price stack remains bullish with no reversal cross in sight.

2. Relative Strength Index (RSI):

   • Est. Level: 68–72 (short-term overbought, but not extreme)
   • Takeaway: Overbought readings in breakouts are often bullish as long as new money enters—watch for bearish divergence but none yet present.

3. MACD:

   • Est. Fast/Slow Lines: Well above signal, histogram widening
   • Momentum: Positive cross, strengthening

4. Volume Analysis:

   • Most recent up-candles show volume exceeding 100M+, while small pullbacks are on shrinking volume—a textbook sign of “strong hands accumulation”.
   • Price–Volume Correlation: Confirmed: High volume up, weak volume down.

D. Volatility & Momentum Analysis

• ATR (Average True Range): Estimated daily ATR is $0.06–$0.10 (very high for a $1.80 stock, showing active interest)
• Bollinger Bands: Price is riding upper band, expansion phase with no squeeze in sight.

E. Order Flow and Market Structure

• Order Block/High-Volume Node: $1.72–$1.80 area is a key demand zone; breakouts are being defended aggressively.
• Current liquidity zone: $1.83–$1.85. Any dips below $1.82 are immediately bought back intraday.

F. Fibonacci Retracement/Extension

• Swing Low (Apr 4): $1.08
  Swing High (Jun 26): $1.85
• Key Fibo Levels: 0.236 = $1.36, 0.382 = $1.52, 0.5 = $1.47, 0.618 = $1.64, 1.0 = $1.85–$1.90
• Current Action: Price is at 1.0 extension; minimal resistance until psychological $1.90, with possible measured-move target of $2.00 if momentum picks up.

G. Sentiment & Flow

• Breakout buyers control the tape: Past 10 sessions show funds/institutions fueling the rally—novel highs with high volume.
• Short Interest/Pullback Buyers: Large volume at $1.75–$1.80 implies significant shorts stopped out and/or strong hand buyers.

H. Combining Insights/Probabilistic Projection

• All major technicals point to elevated probability of an upward continuation.
• RSI slightly overbought, but this usually precedes blow-off moves in breakout swings. Momentum is not exhausted, volume profile is robust, and no reversal/candlestick weak signals arise in the most recent price action.
• Next resistance: $1.90, then $2.00. Pullback support: $1.80, then $1.76–$1.78.
• Projection for next 24 hours: Very likely continued grind higher/attempt at fresh highs. Only a sudden loss of $1.78 (prior high) would negate the bullish view short-term.

2. Synthesis & Trade Recommendation

Given:

• Bullish trend in both price and volume,
• Technical breakout at $1.78–$1.85 successfully tested and held,
• No meaningful supply or reversal above until $1.90–$2.00,

The optimal play is to BUY (long position). Best tactical entry is a small intraday dip toward the new support at $1.83, targeting $1.90+ for profit-taking.

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Risk Management: Stop-loss just below $1.78 (recent breakout/pivot). Upside target near $1.90, with potential to trail and capture extension toward $2.00 if momentum persists.

Conclusion

DNN remains in a powerful uptrend after a breakout, with strong institutional-followed order flow. Any dip to $1.83–$1.84 is a low-risk, high-reward entry. A test of $1.90 or even $2.00 looks likely within the next day barring a meaningful reversal.

Trade: Buy DNN on dip to $1.83. Target $1.90+ in the next 24 hours.