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CCJ

Uranium Slingshot Cheetah Pattern Incoming!!I have identified 3 different types of similar variations in URNM and URA ETFS which show us that we could be in a cusp of a huge explosive move to the upside. These shakeout patterns are almost identical to each other with the same behavioural patterns before a big move to the upside. 2 humps which are almost like a H&S pattern followed by a huge flush down to break the upwards trend then bouncing off the 200 DMA with a complete reversal to the upside. All of this is happening at the same time we are bottoming on the URNM/UX1! ratio with huge positive divergence on momentum indicators
AMEX:URNMLong
by AxeCapp
2
CCJ Potential Breakout State Cameco $CCJCCJ Potential Breakout Analysis Cameco Corporation ( NYSE:CCJ ) is currently showing signs of a potential breakout back into Stage 2. Breakout Confirmation The stock price of Cameco ( NYSE:CCJ ) is approaching a critical resistance level. The trading volume is increasing, indicating growing investor interest. Key technical indicators suggest a bullish momentum. Conclusion Cameco ( NYSE:CCJ ) is in Stage 2 breakout, showing promising signs for potential growth.
NYSE:CCJLong
by holacarlosmartinez
Uranium could explode back half of 2024CCJ leader of uranium. CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024. We are in the final flush out stage 7 before an explosive wave 8 up. The chart on the right shows CCJ/SPX. You can see we are in the final bearish flush-out stage before CCJ starts outperforming SPX massively. The ratio also signals CCJ is a long way from outperforming SPX so the real bull has not even started yet. We can confirm this analysis by the miners underperforming the metal - URA/U.UN. Once the miners start outperforming the metal, the real bull takes place as we are on the APEX of that happening soon. The Junior miners will be the stars of the show when the big capital rotates into the smaller developers and explorers.
NYSE:CCJLong
by AxeCapp
CCJ reached important macro-resistance zonePrice has reached an important macro resistance zone: 39.40-45.91-48, that coincides with 0.618% extension of wave I (2000 low - 2007 top time span) from wave II bottom (2020 lows). Monthly view This 0.618% extension aligns with standard 2.00% resistance of the fifth wave - wave (5) - of first impulsive structure (wave (1)-(5)) that started in March 2020. If price stays bellow the top boarder of the resistance zone (48), the structure is prone to the start of the possible multi-year correction to support zone: 20-12. I price will be able to move confidently above 48 and close above it on volume support for several session, than the proposed price structure needs to be revised. Next resistance zone in that case is close to 76-80 area. Breaking bellow 21ema with volume increase could be confirmation sign for the larger correction starting. This levels could be used by any shorts with 21 ema or prior (Feb 2021) left side pick at 44.81 as a covering guide (with resonable 2-3% latitude). Thank you for your attention!
NYSE:CCJShort
by artemfedorov
CCJ... are we destined to repeat the past?just some coloring.. could we sell our charts as arts? okay, kidding. i like CCJ..check out the 9/17 calls 28 strike and the 10/15/21 28's (really anything between $20 and 32ish) Price prediction. IMO. is bullish. Do i think this exact thing will happen? ..not at all. i just wanted to draw but its making stops and hitting locations just like before. trade safe my friends -Benz951 {edit} short term- ups and downs for Options. Puts winning as we come back down from hitting the intraday high. id expect a small continuation monday morning, to only bounce and go back up.
NYSE:CCJLong
by Jbridgez
5
Supercycles in commodities - i.e. Bitcoin, UraniumSupercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued. In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the rewards of mining bitcoin), which is causing supply-shock and aftermath in the form of speculative bubble. I strongly believe we are about to see a supercycle in Uranium in the following years. Spot price of that commodity is right now under-valued to such an extent Cameco (one of its largest global providers) is buying it from the spot market in order to meet the contracts and keeping some of its mines closed (waiting for the prices to rise). Currently there are about 440 active nuclear reactors and 50 being constructed (more than 10% of the actual number) mainly in China and India (respectively 16 and 6 as of March 2021). Interesting pair, isn't it? If the rest of the world does not want to stay behind they will have no choice but to follow that direction. Nuclear energy is not opponent of wind and solar energy. It is their carbon-free companion versus the coal. Technicals: We are confirming the falling wedge break-out right now. If price action will succeed to do so, there might be rally much quicker than I expected when I first opened position.
NYSE:CCJLong
by papaya_musical_analysis
The 1. Chapter of Cameco - Long - It shines and its dangerous Long scenario for Cameco. Fundamentals: Second biggest Uranium producer in the world. Based in Canada. While Russia (on Position 6 ) 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
NYSE:CCJLong
by a_tale_of_bulls_and_bears
Uranium Mining OutlookURA in a 3rd wave and could possibly have topped here at the 28, but it also could be setting up higher for a 5th wave finish 32-36 area. When I first looked at it, I saw the possibility of a great buying opportunity in the $14-16 area if things break down. Right now I think we need to hold the $24-22.5 area to keep this bullish move upward. Otherwise the 14-16 becomes a greater likelihood and then will have to start seeing if the projections of the move line up to that target of $14-16. Not financial advice
AMEX:URAShort
by cryptowaveman
CCJ : BASE 0 DURATION / POSITION TRADECameco (NYSE:CCJ) released a strong print ahead of market open, and followed up with a strong call, as the market leader points towards a narrowing supply/demand gap and increased willingness for utilities to contract at higher prices: CATALYSTS : McArthur River - CEO Gitzel indicated that there's no change to the Company's strategy of pre-selling future production; there's a home for the additional supply from McArthur's restart, and they will not be growing production to build inventory or sell into an oversupplied spot market. Contracting - the company added 40m lbs to the contract book in the first month of 2022, as the fundamental backdrop for demand improved; additionally, the pandemic and depletion in Kazakhstan has brought security of supply challenges for customers; "contracting begets contracting" and Cameco expects continued opportunities to lock in favorable, long-term contracts throughout 2022. Sprott - The emergence of a "financial market" buyer in late 2021, namely Sprott (OTCPK:SRUUF) soaked up a lot of spot-market supply and pushed up spot prices; however, spot buying also removed customer complacency and pushed longer-term contract prices higher. Kazakhstan - both trade policy concerns and instability in Kazakhstan have focused buyers on the origin of supply and helped Cameco take market share. Having struggled with an oversupplied market since Fukushima, it appears the uranium market is finally coming around for low-cost, long-lived producers in secure jurisdictions, like Cameco. With favorable policy likely to come out of the European Taxonomy proposals, the sector (NYSEARCA:URA) appears well positioned for a strong 2022. SOURCE: CCJ after the call -- after a decade, the market looks to be turning, shares up ~15%, Nathan Allen, Seeking Alpha, Feb. 09, 2022 seekingalpha.com Uranium: Potential Trade Of The Decade, Gain Exposure With SRUUF, URNM, Live Hard Investing, Seeking Alpha, Feb. 10, 2022 seekingalpha.com
NYSE:CCJLong
by TradingMavericks
Cameco Testing Upper Triangle Line Cameco Stock Price Analysis - Triangle Pattern Breakout and Potential Price Support Weekly Chart Breakout: Cameco ( NYSE:CCJ ) has made a significant move on the weekly chart timeframe with a breakout from a triangle pattern. This bullish pattern breakout suggests the potential for sustained upward momentum in the stock's price. Price Pullback: Following the breakout, Cameco's stock price has retraced back to the upper line of the triangle pattern, which now acts as a crucial support level. Traders and investors will closely watch this area as it may provide a strong foundation for the stock's next move. RSI Analysis: Assessing short-term momentum, the Relative Strength Index (RSI) indicator provides valuable insights. Currently, the RSI for Cameco appears to be in a neutral zone, suggesting a balanced market sentiment. Traders will monitor for any potential divergences or significant shifts in RSI to gauge potential price movements. PPO Indicator: Furthermore, the Percentage Price Oscillator (PPO) serves as a valuable tool in short-term analysis. A positive PPO indicates upward momentum, while a negative PPO suggests potential downward pressure. Traders will observe for convergences or divergences in the PPO, as it may signal changes in the stock's direction. Keep an Eye On: As Cameco's stock price retraces to the upper line of the triangle pattern on the weekly chart, traders and investors will pay close attention to price action for confirmation of support. A bounce from this level could validate the breakout and potentially lead to further upward movement. However, market dynamics can shift rapidly, so caution and ongoing analysis are essential. Technical analysis provides insights but is not definitive. It's crucial to consider other factors, including fundamental analysis and broader market conditions. Always conduct your own research and seek professional advice before making investment decisions.
NYSE:CCJLong
by PrepForProfit
2
Cameco... Still GoingCameco continues to gain in price as spot uranium moves higher. We are seeing textbook breakout out of a triangle pattern with Cameco on pace for its highest monthly close since February of 2011. Lower PPO indicator is in the process of a bullish cross of the green PPO line above its purple signal line. Both of these lines trending above the 0 level indicates that the overall momentum behind price is bullish, and with the bullish cross of the two lines it means that the short-term momentum is shifting back to positive as well. Lower TDI indicator shows the green RSI line back in the upper half of the Bolling Bands which indicates a shift back to positive price trend. The green RSI above 60 indicates that the bullish trend is increasing, and as long as the green RSI continues to trend between the 40-80 levels going forward the longer trend behind price will be considered bullish. This is from the Cardwell RSI strategy which is one of the best methods for reading the RSI if you aren't already a fan of the Cardwell RSI. Cardwell RSI: youtu.be The nuclear movement has a fan in Oliver Stone who recently created and released a documentary about the need for nuclear power: www.nuclearnowfilm.com
NYSE:CCJLong
by PrepForProfit
Uranium in a Good Spot?The uranium spot price and mining equities have experienced a significant run since the pandemic lows-- largely due to SPUT purchasing from the spot market, panic buying by utilities at the beginning of Russia's invasion of Ukraine, and the prospect of Japanese restarts. But the days of going up multiple times over seem to be over: the spot price has been drifting sideways to downwards both due to SPUT reducing their buying and the typical utilities purchasing cycle having been completed earlier in the year. In the social media uranium space on Reddit, Twitter, and Youtube there is a mood of pessimism and disappointment. An endless parade of bullish catalysts--such as mergers and acquisitions, increased mineral estimates, incredible earnings, US Strategic Uranium Reserve purchasing and HALEU funding-- all seem to have limited impacts on the sector, raising up a penny stock here and there. As we enter 2023, I have two arguements for a reversal in the downtrend; one fundamental and another technical. I'm assuming the fundamental catalysts for another run in the uranium sector will be similar to the previous run. Sprott will increase their purchasing of precious metals in a declining interest rate environment, and that will extend to their purchasing of uranium as well. Utilities will enter another contracting cycle-- whether that is in early spring like 2022, or in late fall like it usually is, remains to be seen. And SWU prices (the cost of enrichment) remain elevated, no doubt having a downstream impact on the spot price. The uranium spot price is the main driver of bull runs in the uranium equities-- e.g. just take a look at the similarities between charts of $LEU and UX1!. Headlines about DOE funding and X-Energy's SPAC may drive inflows into the sector next year, but remember that sentiment in the stock market does not drive up purchases on the spot market On a technical note, take a look at the three points where I've circled on the daily chart of $URNM above. There is bullish divergence on the RSI (where it is making a higher high while the candles make a lower high). The MACD is crossing over to the upside, which often precedes a significant amount of momentum to the upside. The candlesticks from the past week have made a double bottom at $29.75, also touching for the third time the supporting trendline that has marked a temporary bottom in the structure where we have been for the past two years. Now this larger pattern has neither confirmed as a descending wedge (bullish) or a head and shoulders with a diagonal neckline (bearish). But I will wager that this is a bottom for $URNM and many uranium mining stocks for the near and possibly long term, barring new lows on the broader market.
AMEX:URNMLong
by sdeutsch95