Cameco break over top and playing with resistance OK setup right now for a move to 16. If we do get 15+, the next correction will be the best setup to buy if it presents and then we will start wave 3 of 3 of 3 not financial advice
Uranium
Cameco CCJ sideways stillMore bullish if it takes out $14. Could see either way but not enough to commit a swing trade
not financial advice
CCJ Cameco: Channeling?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 trend. (I'm very intrigued by this... when I find a stock that behaves like this)
2000: May-August. See the divergences and all three trending upward, especailly in July
2002: Summer to Fall. MACD like a slingshot, RSI ascending lows contradicting the two valleys in the candles
2010-2011: RSI and MACD pulling on the candles between November 10' and Feb 11' but specifically RSI and STOCH early FEb to Mid Feb. Then fundamentals kicked in: earthquake.
2020: Mid Oct to Early Nov (this is the divergence that I think sent CCJ up the channel for a long time)
Still learning.
CCJ Cameco updateLeaning towards more correction based on how the move off bottom looks. Looking in the $12.3 to 11 for this correction. More bullish over $14.4
Short term Time frame on CURI am loving this stock, been a holder since July where it had a great run but slowly lost all momentum. Been moving great now. Here are my comments and where i see things going foward.
XNS URANIUM ONE DLT PARTHNERTouch down on previous pre breakout resistance, now support. (To be confirmed)
Power Up WorldWith the Vaccine soon to be Online this Chart is looking Fantastic. Covid Has put a Hurting on mines and production is gonna be in Full demand The worlds Power plant are in Great need Uranium.
So with some Volume Short term and long term Macro Chart Look like they are Warming up double Bottom cup Formation Handel to Lift off like to enter somewhere near 12.60 on volume
Cameco Nice off the low3 waves so far. Expecting a 13 to 14 finish and hopefully a nice buying opportunity correction
Uranium Participation about to rip upwards?Uranium suddenly came a life and U.Participation seems to be moving quite fast. I think it is possible that the stock moves in a similar impulse of its last push in symmetry, harmonics. If that happens the stock could go above the FIB projection lines, perhaps around/over $6 CAD.
It is quite strong now, lets wait and see in the next couple weeks.
I am changing this from neutral to bullish.
CCJ start to next big moveStart 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
Simple long term play, bullish breakoutThe simple ideas are sometimes the best ideas.
Long term play here, so no need for lots of technicals.
cameco is looking to break out cameco a uranium stock is looking to break out, need a break above the horizontal resistance line to confirm the move.
Uranium, not quite yet?Despite the multiyear lows in Uranium, it seems that stocks like U are not having enough capital to take it higher, in the opposite, investors are selling out to invest elsewhere, perhaps looking for more attractive yields.
I think Uranium Participation will revisit much lower levels, perhaps around $3.5 in 6-9 months, until the whole Uranium sector changes direction.
The uranium sector is showing mix signals with some indicators showing a break, but reality minor stocks such as U are struggling.
Cameco CCJHit the top of my wave C target ~9 to ~8. Leaning bearish right now but can see bullish scenario if we take out ~10.5 and then a buying opportunity hopefully presents itself.
PDN BreakoutUranium miners breaking out on Lower time frames. PDN trget in red zone displayed on the chart..
lets go...
PEN breakoutPen breakout on lower time frame.. Macro chart has big positive divergence. This could over perform.
Target zone in red..
trade on ..
