CJ6 trade ideas
CCJ Cameco Corrective MoveDon't like the move off the low. Expecting a higher B move and more correction right now
Cameco large correctionHad to change my expectations significantly with the correction. Expecting an A wave soon.
UraniumLike other metal miners, Cameco too had taken a beating and after a long period basing it has now broken out. Again, if the Macro factors that are driving metals higher persist, then this too is likely to be a rewarding investment
CCJ Bullish Continuation #Rectangle Reached Price TargetCCJ #rectangle #chartpattern i posted few days ago broke out and reached its pattern price target yesterday. Text book chart pattern trading.
Keep it simple.
#CCJ $CCJ Breakout timeThis looks like a good time to gamble on CCJ calls. I'm punting on 3rd down, fuck it
CCJ Bullish Continuation RectangleBeautiful rectangle consolidation. 2 ways to play this. Buy daily close above rectangle resistance or buy support after a sign of a bounce taking place. Notice how 200 moving average coming up to converge with rectangle support area. Might head down there in the next few days if the market entered a pull back today. Either play should provide a good bullish opportunity to get in. Volume pattern supporting long side.
CCJ Cameco CorpCameco consolidating, potential box-breakout, jump above $11.10 is a buy...
Meanwhile, commodities across the board are bid, CPI surprised to the upside today in the US, crude oil CL2 is right on key resistance as well.
Cameco Breakout?Looking at the chart it looks to me like we might have a breakout on the way.
I have not traded Uranium stocks so I'm no expert on the price movement, stocks or this sector.
With that said Uranium looks like it has just had a nice run up the price is coming off recent highs and may continue higher from production issues in the sector which have made the space unattractive for producers to profit & investors to capitalize from until the supply is not there to reach demand this is why I am looking at the sector more closely over the coming weeks to find out what is happening in the Uranium space.
For me, this is an interesting sector to watch closely as I think this could be a missed market opportunity for the future.
Waht do you think??
CCJ promising start off a bottomCCJ 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.
CCJ impulseCCJ highest probability count for me right now is we have a wave 1 and looking for bigger correction at this time
Bullish Charts - Uranium PlayCameco Corporation produces and sells uranium. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium property is the Cigar Lake property located in Saskatchewan, Canada. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles and reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
Cameco Corporation is one of the world's largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world's largest high-grade reserves and low-cost operations. Over the last four quarters, the stock’s earnings surpassed the Zacks Consensus Estimate thrice .
finance.yahoo.com
On May 20, 2020, U.S. Department of Energy rushes to build advanced new nuclear reactors
www.sciencemag.org
On 06/26/20, Cameco issued a press release relating to its win in the appeals court for tax issues. With the court win, Cameco should be receiving over $300 Million back from the Canadian Government plus another $482 million back in letters of credit that Cameco was required to pay as installments.
transferpricingnews.com
The tax court win was a HUGE win for Cameco and will free up hundreds of millions of dollars.
Daily Chart Looks Bullish
Volume, Bullish
PMO, Bullish
MACD, Bullish
Stochastic, Bullish
OBV, Bullish
On 06/30/2020, Raymond James issued an Outperform rating on Cameco.
On 06/25/2020, BMO Capital Markets raised the price target to C$17.00.
Long!
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Cameco MovingOverall 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
