Over the past two years, the uranium sector has been experiencing a deficit on the supply side which led to a surge of more than 300% in the price of Global X Uranium ETF. The situation was even further exacerbated when in January 2022 Kazakhstan, world's largest producer, saw civil unrest spreading across the country. We foresee the deficit in the uranium market...
$CCJ option flow extremely bullish. Technically it could run to PT $31 , probably why a buyer went long on 2,100 DEC 31C Following here...
We like the uranium play and we are doing it through Cameco. Sell target at 1.618 Fib level. We are not early to this play, it has been underway for quite a while. We may be approaching the top, but we want to squeak a bit more out of it. Other plays are the Sprott Physical Uranium Trust and URNM . Fundamentally, Sprott is cornering the physical market. ...
Since I get a lot of questions about my UUUU positioning, I thought I would take a moment to see what the wider sector looks like. Keeping it simple looking at CCJ as the big papa. Looks like there is some time left for correction into August. Timing is not reliable here, but the levels are significant.
We are very close to a big move IMHO. Fundamentals are very strong and I expect some upward movement towards the end of this week.
I drew these trendlines about 2 weeks ago and since then the price action run like clockwork. Just used this to load up more on uranium-heavy bags. The white line is from multi-year falling wedge which was tested again and showed strong support. My actual price target is near ATH. I think we will miss the opportunity of CCJ below $20 soon. Uranium is similar to...
Last monthly at 14.29$ wasn't properly retested yet, so to continue in this Bullrun I'd like to see this support claimed. Otherwise, I see a steep growth continuing up to the monthly at 33.81$ once spot uranium gets bought up. Beware of the green gap.
want to stay above 15.4. think good risk reward here. not financial advice
looks good as a possible setup over $16.7. not financial advice
Cameco under accumulation from 2016. U spot increasing should do very weel over next 5 year IMO
CCJ (Cameco) looks very attractive at this price point. With a green close today, CCJ could keep climbing until the psychological $15 level. Cameco may perform very well in 2021.
Above it, followed by retest and resumption, will result in a parabolic move. Still has that gap to fill, will result in some soiled underwear if it were to happen rapidly. Flagging out until April.... boring but... w/e I haven't been charting for very long, but let me know if my comments below are stupid. CCJ Daily Chart Divergences usually lead to a LT...
3 waves so far. Expecting a 13 to 14 finish and hopefully a nice buying opportunity correction
Start looks good so far. Did rough outline of where I think its at and projection. Think it will get over the previous high on this move. Want it to stay above 10.3 at this point
still correcting and expecting the ~9 to ~8 range. Could be a bottom in the 3rd wave and seeing 4th wave now. More bullish over ~10.5
Waiting for a wave C still. Moved target down to 8~9 range. More bullish over ~10.40
Not going down towards target in an ideal manner. Could mean a deeper target or a triangle situation.