The 1. Chapter of Cameco - Long - It shines and its dangerous
Updated
Long scenario for Cameco.
Fundamentals:
Second biggest Uranium producer in the world. Based in Canada. While Russia (on Position 6 [Based on producing countries]) and Ukraine (Position 9) are fighting a war + sanctions against Russia.
TA:
Could see something like the orange arrow happening. A far safer approach would be to wait for a break of Level 1. However as i´m willing to hold this position for quite some time + watching my risk management.
Requirments:
- none
Invalidation:
- none. Willing to hold it for a long time.
- Would be considering partially closing my position if price went lower than the yearly open and generating lower swings.
Good luck
Fundamentals:
Second biggest Uranium producer in the world. Based in Canada. While Russia (on Position 6 [Based on producing countries]) and Ukraine (Position 9) are fighting a war + sanctions against Russia.
TA:
Could see something like the orange arrow happening. A far safer approach would be to wait for a break of Level 1. However as i´m willing to hold this position for quite some time + watching my risk management.
Requirments:
- none
Invalidation:
- none. Willing to hold it for a long time.
- Would be considering partially closing my position if price went lower than the yearly open and generating lower swings.
Good luck
Trade active
Trade closed: target reached
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