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CAMECO CORPCAMECO CORPCAMECO CORP

CAMECO CORP

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CJ6 trade ideas

CCJ: Ascending Triangle, Not confirmed (70.19%)(4/1000)(4/1000) Ascending Triangle for CCJ. Not Confirmed yet. Pros: 1- Bullish Ascending triangle 2- Descending volume during formation 3- PPS above 50MA and 200MA 4- RS above 0 but barely 5- R/R ratio above 5 6- 250RSI above 50 and ascending 7- 50MA above 200MA 8- 50 MA and 200MA ascending. 9- Golden star circled in blue Cons: 1- ATR is descending/flat, less volatile 2- Triangle not confirmed yet Target price is 54,12$. Again, stay humble, have fun, make money! MAAX!
NYSE:CCJLong
by LeLaf
Cameco Testing Upper Triangle Line Cameco Stock Price Analysis - Triangle Pattern Breakout and Potential Price Support Weekly Chart Breakout: Cameco ( NYSE:CCJ ) has made a significant move on the weekly chart timeframe with a breakout from a triangle pattern. This bullish pattern breakout suggests the potential for sustained upward momentum in the stock's price. Price Pullback: Following the breakout, Cameco's stock price has retraced back to the upper line of the triangle pattern, which now acts as a crucial support level. Traders and investors will closely watch this area as it may provide a strong foundation for the stock's next move. RSI Analysis: Assessing short-term momentum, the Relative Strength Index (RSI) indicator provides valuable insights. Currently, the RSI for Cameco appears to be in a neutral zone, suggesting a balanced market sentiment. Traders will monitor for any potential divergences or significant shifts in RSI to gauge potential price movements. PPO Indicator: Furthermore, the Percentage Price Oscillator (PPO) serves as a valuable tool in short-term analysis. A positive PPO indicates upward momentum, while a negative PPO suggests potential downward pressure. Traders will observe for convergences or divergences in the PPO, as it may signal changes in the stock's direction. Keep an Eye On: As Cameco's stock price retraces to the upper line of the triangle pattern on the weekly chart, traders and investors will pay close attention to price action for confirmation of support. A bounce from this level could validate the breakout and potentially lead to further upward movement. However, market dynamics can shift rapidly, so caution and ongoing analysis are essential. Technical analysis provides insights but is not definitive. It's crucial to consider other factors, including fundamental analysis and broader market conditions. Always conduct your own research and seek professional advice before making investment decisions.
NYSE:CCJLong
by PrepForProfit
2
Will the backtest hold?Cameco broke out from large triangle pattern in June. This breakout followed a large consolidation for over a year, after the first major leg up from 2020 lows. If the backtest of triangle holds, CCJ and Uranium sector could be setting up for next major leg of new bull market in Uranium. The technical uptrend is backed by strong sector fundamentals given supply/demand imbalances (exacerbated by geopolitical tensions), financial players (e.g. Sprott) supporting Uranium sport price and overall change in public sentiment towards Nuclear. A weakening US dollar would also help the commodity trade more broadly, including Uranium as well as the Metals. URNJ (junior miners) could be a great way to play the sector if next leg up materializes.
NYSE:CCJLong
by pdiddy7
Cameco CorpLets dive into another stock of the long term investments and position trading portfolio. This time one out of the uranium basket as the uranium renaissance is in full swing. Currently holding 2 positions, which combined has an average price of around $23 (red circles) and looking to add Cameco is the second largest uranium mining company in the world and owns the largest high grade uranium mine, which is temporary closed atm. There can be enough said about the uranium sector and the potential fundamentals. From a value standpoint, this stock might be overvalued. Has a P/E of 100 against an EPS of 0.30. But we are not on Buffetview, but on tradingview. Stock markets tend to overshoot, specially in the commodities and tech sectors. So once the hype train start running again, their might be some value find in this giant miner. So far this year CJJ has been outperforming any other N. American uranium mining company, at least all the ones in my basket. If you look at the chart, you can clearly see CJJ has been on the run, broke out of the compression and took out several highs. An ideal setup would be a correction back to the upper line of the compression pattern. I would add there to the position and might consider adding leveraged cfd positions. Price target $38
NYSE:CCJLong
by GoldvalleyCap
Cameco... Still GoingCameco continues to gain in price as spot uranium moves higher. We are seeing textbook breakout out of a triangle pattern with Cameco on pace for its highest monthly close since February of 2011. Lower PPO indicator is in the process of a bullish cross of the green PPO line above its purple signal line. Both of these lines trending above the 0 level indicates that the overall momentum behind price is bullish, and with the bullish cross of the two lines it means that the short-term momentum is shifting back to positive as well. Lower TDI indicator shows the green RSI line back in the upper half of the Bolling Bands which indicates a shift back to positive price trend. The green RSI above 60 indicates that the bullish trend is increasing, and as long as the green RSI continues to trend between the 40-80 levels going forward the longer trend behind price will be considered bullish. This is from the Cardwell RSI strategy which is one of the best methods for reading the RSI if you aren't already a fan of the Cardwell RSI. Cardwell RSI: youtu.be The nuclear movement has a fan in Oliver Stone who recently created and released a documentary about the need for nuclear power: www.nuclearnowfilm.com
NYSE:CCJLong
by PrepForProfit
Cameco May Be Attempting a BreakoutUranium miner Cameco rallied on June 1 as U.S. Senators advanced a nuclear-energy bill. Now, after a pause, some traders may see the potential for continuation higher. The first pattern on today’s chart is the sharp rally above February’s peak of $29.73. CCJ probed $0.01 below that level on Wednesday before rebounding. Has old resistance become new support? Next, prices have remained above the 8-day exponential moving average (EMA) and MACD is rising. Those signals may indicate short-term direction is pointing higher. Third, the stock climbed after results beat estimates on February 9 and April 28. Finally, the most recent advance comes after CCJ held its 200-day SMA. That may suggest it’s ready to resume its longer-term uptrend following almost two years of consolidation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:CCJ
by TradeStation
CCO.CA: Ascending Triangle, Confirmed (47,84%)Ascending Triangle on the Weekly chart for CCO on Canadian market. Confirmed Pros: 1- Bullish Ascending triangle broke through resistance 2- Descending volume during formation of the triangle 3- PPS above 50MA and 200MA 4- RS above 0 and ascending 5- R/R ratio above 5 6- 250RSI above 50 and ascending 7- 50MA above 200MA 8- 50 MA and 200MA ascending 9- Golden cross in blue Cons: 1- ATR is flat, less volatile Target price is 58,84$. Again, stay humble, have fun, make money! MAAX!
TSX:CCOLong
by LeLaf
Uranium prices and demand increasing as well as sentimentPrices and demand for uranium are increasing. Public perception of nuclear power has improved. Cameco is acquiring 49% of Westinghouse Electric which is going to broaden the business that Cameco takes part in. Before CCJ mined and produced fuel for heavy water reactors. After acquiring Westinghouse Electric they will now be producing fuel for light water reactors which are more common as well as Westinghouse being responsible for maintenance on most western reactors.
NYSE:CCJLong
by BaseEight