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CAMECO CORPCAMECO CORPCAMECO CORP

CAMECO CORP

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CCJ/N trade ideas

$CCJ 300% Rise Incoming?Sorry for the click bait, but now that you are here... $CCJ has been on a tear over the last few weeks. The stock is up 60%. Longer term (not shown) you can see that there is potential for this stock to absolutely soar; we cannot rule out the stock returning to its previous highs from 2007 when it hit $56. But for the disciplined objective technical analyst, the one I am trying to speak to in this idea, the immediate question is one of immediate price action. After rising this fast, how much meat is there left on the bone before overbought readings push intermediate traders to take profits in this rally? We can see that the DMI is showing an elevated reading that, in previous instances, indicates that the immediate upside is likely contained. We can observe that in those instances the stock did resolve higher, as it was still in a longer-term uptrend, but it did so after much uncomfortable volatility. So I am not bearish or bullish, I am just observing and would observe that immediate upside may be limited. To watch the full video, check out my Youtube Channel for a full explanation.
NYSE:CCJ
by onlydivergences
Added to $CCJ New Target 20.72 for 19.15%$CCJ Target 20.72 for 19.15% Or next add at 16.02 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:CCJLong
by SPYder_QQQueen_Trading
🟢 Added to $CCJ Target 21.26 for 18.57% (Risk Level - Med)🟢 Added to $CCJ Target 21.26 for 18.57% (Risk Level - Med) Or double position at 15.94 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. Numbers with an A are places that are a good idea to add if you can. Numbers with a D are places where you should double your position. I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:CCJ
by SPYder_QQQueen_Trading
CCJ: Timing the DipIf you've read my recent posts about CCJ you already know I'm long term bullish on Uranium but am waiting to buy the company at a more reasonable price. Based on my theory that we may be repeating the scenario of a long term breakout and correction as happened many years ago (see chart), then we want to look at potential zones of support to buy. Based on the Fibonacci retracement tool, the last scenario had a correction to the .618 zone, which corresponds to a price of ~15.50 per share. the 200 day moving average is a bit higher, so depending on market conditions I may average in if we start to see a test of the 200 day MA with the expectation that it could go lower.
NYSE:CCJ
by preying_mantis
1
NEW POSITION $CCJ Target 22.56 for 17.32% $CCJ Target 22.56 for 17.32% Or double position at 15.90 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:CCJLong
by SPYder_QQQueen_Trading
CCJ: Mid-Term Dip Could Present Buying OpportunitiesWeakening daily RSI on Cameco Corp's stock CCJ is signaling the potential for a healthy dip over the next several months. Look at my previous post on CCJ--I think this stock has the potential to outperform the market long term due to a resurgence in uranium demand in multiple parts of the world. The highlighted red area is in a weekly overbought area that last signaled the beginning of a multi-year run. I might consider scaling in if this stock begins dipping to the 100/200 day EMA's. More posts to come as I continue to watch this stock.
NYSE:CCJ
by preying_mantis
Buy on wrong bad news ;)Uranium Stocks fall down because of news, that china has leakages in a reactor: townhall.com But it is not that worse: nationalpost.com WASHINGTON — Washington is assessing a reported leak at China’s Taishan Nuclear Power Plant, but the Biden administration does not believe the facility is at a “crisis level” yet, CNN reported on Monday, citing unnamed U.S. officials and documents it reviewed. --- Now is a great opportunity to buy the stock, on bad news, friends!
NYSE:CCJLong
by smoki99
Will Camecon move on?Uranium price is rising from a all time low and so companies in this business now have a brighter outlook in the future. Currently there is enough uranium produced to fulfill the demand till about 2025, after this a shortage may happen (if mines not invest or enlarge their capacities) With Camecon large enough they could possible increase their output and improve their income in the next years. This already is knowledge in the market and this and other uranium mines start rising from their all time low prices ... but there is a lot of fantasy upwards. So they may be a good invest and good trade right now.
NYSE:CCJLong
by smoki99