DML May 5

On April 6 I recommended Denison Mines when it was about a dollar with a potential target of , perhaps , $8 being the apex of a triangle. We are not there yet but are now at $2.75, a good deal more than 30% , so we chalk it down for accounting purposes. It is still going to $8. Here is the chart again.

DML May 5

DML Denison Mines April 6

This is a little above my present pay-rate but tentatively i suspect that we are looking at an    A-B-C X A-B-C. As chance will have it, being so close to ground level there is no possibility for another A-B-C (three in a row is the maximum). As always lows occur perpendicularly under the apex of a triangle, in this case the B wave of the second A-B-C. Here it is;

DML 

In this scenario the move from 70 cents to $2.10 early Dec. would be wave one (or a) up, then 2 or b back to 80 cents, now 3 or c to >$2.10 , probable around $3.