Cameco Corporation (US)Cameco Corporation (US)Cameco Corporation (US)

Cameco Corporation (US)

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CCJ Got us a Daily double bottom now 🚀





CCJ bottomed after a correction in the mid term...
Snapshot


CCJ From macro-structure view, price is at important resistance zone: 39.40-48.

Until price closes bellow 48, possibility of multi-year correction to 20-12 support zone cannot be ruled out.

If price moves confidently above 48 on volume support, then suggested price structure needs to be revised. Next resistance zone in that case will be: 76-80 area.
Snapshot

CCJ Breakout of the channel. A bounce on the breakout zone might offer a nice long.

Snapshot