Looking more likely now that we are correcting to my ~8 to ~9 target. Expecting a corrective bump up and continue down
Another stock which I invested in related to uranium growing demand for green energy.
Looking around ~8 to ~9 at this time for correction
Don't like the move off the low. Expecting a higher B move and more correction right now
Had to change my expectations significantly with the correction. Expecting an A wave soon.
looks like it fully corrected and started next wave.
CCJ made a nice impulse move and watching this correction now. Looks like little more to correct for this ABC move, but could have started wave 3 upwards.
Overall bullish on Cameco. Not a clean impulse but looks promising. Think still waiting to finish a wave 1 then a correction. adjusted my count some from the previous video
Pretty strong looking chart. Aims towards $12,3 unless whole market crashes in upcoming weeks...you know...because of the global pandemic, complete shutdown of 180 countries and so on...
Really like what I am seeing here. Very possible 1-2 1-2 pattern forming. Looking as though an entire EW cycle which started in 2001 may be complete. I like this play because I believe the entire uranium market is looking for a bottom. I know may traders that are interested in the market. I have also talked with a trusted CFA and he also likes this stocks numbers....
RSI Bullish Divergence on the 4 hour and daily and catching a little support near 8.55. I'm expecting a little bounce here imo #uranium #cjj Marc
Expecting bounce from extremely oversold weekly and daily levels in one of the uranium sector market leader. If stop breached, be prepared to catch new daily reversal on lower levels with tight stop.
$CCJ iH&S with bullish MACD cross inbound. Bullish divergence on RSI. Looks great for a swing trade & also long term investment.
if you're playing uranium cameco is a solid horse to go with the URA etf is an etf. not bad to have but harder to move. Cameco the company actually been pulling some moves for a while now