Denison Mines Corp

DNN has decisively broken key horizontal support in mid-September on strong volume, entering a Stage 4 decline. Price now trades below falling 9/20/50 EMAs and has been rejected at the former support zone, confirming downward momentum. Momentum-oriented execution calls for selling now to participate in the medium-term bearish regime. A sustained reclaim above the 20-EMA with follow-through on rising volume would invalidate this posture.

• ↑Over 20% of civil work and full subgrade done at Phoenix mine
• ↑750k lb U3O8 sale generated $91.6 M proceeds and $64.1 M gain
• ↓Q2 revenue hit $0.52 M vs. $0.92 M prior year, –98.9% surprise