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CAMECO CORP.

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CJ6 trade ideas

CCJ: Potential Gap Fill to UpsideCCJ's price action seeing responsive participants with alternative energy leading the market amidst heightened oil prices. While key levels on acute time frames are being tested by both buyers and sellers, CCJ's weekly optics present continuous range extension. While price action has begun to pierce a gap previously seen from April 2011, KL of 28.45 would be more indicative of reclaim in higher value areas (30.71) ; Continuation into mid 30's would materialize a cup and handle pattern on the Weekly// Technical analysis reflects MACD cross, price action over key moving averages, and a high correlation regression channel on the daily time frame. Bias is long on premise of global events related to commodity and tensions in Europe// ATR: 1.49,Beta: 1.01
NYSE:CCJLong
by GroundNinja
CCJ Acute DownsideCCJ Downside with breach of key levels. It is nearing the lower limits of the upside channel it has oscillated between since September 2021. If selling pressure persists, 21.70 marks a KL to watch before reversion to the mean, then 200 SMA at 20.78. Energy is still an inflow positive sector and pressures involved with Uranium should have clear direction with the status of tensions in Kazakhstan; Acute outlook is continued participation to the downside before a reclaim of key SMAs to the upside// ATR 1.20, Beta 0.82
NYSE:CCJShort
by GroundNinja
1
CCJ - D :: Cameco :: Analyst's OpinionConsensus Rating Cameco has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings. Price Target Upside/Downside According to analysts' consensus price target of $33.33, Cameco has a forecasted upside of 45.0% from its current price of $22.99. Amount of Analyst Coverage Cameco has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
NYSE:CCJLong
by tdgatti
URANIUM might disappointAt the risk of sounding like a bear I think we have come too far, which is why we have seen the sharp pullback of late, I regret that I didn't catch this bearish divergence as it was emerging but my focus was elsewhere... Let's imagine we have completed the first five waves from the 2020 bottom. That means that we are overdue a pullback that retraces a good proportion of the first wave. I believe in Uranium and CCJ and am waiting for a better position, but for now, I'm not a buyer at the 200 day MA. I'll layer into names like PDN and AGE etc. as we approach the 0.5 retracement, but there may be more pain if we get a wider market pullback in future. Hoping I'm wrong for the uranium bulls out there but I'm gonna stay conservative for now, good luck friends!
NYSE:CCJLong
by ptero1492
2
WATCHING $CCJ for entry at 19WATCHING $CCJ for entry at 19 —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. In this case I am at target 1 - 19 —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀
NYSE:CCJShort
by SPYder_QQQueen_Trading