Nuclear is the futureCameco corporation is a uranium mining company.
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CCJ trade ideas
#CCJ is setting up for a bounce to the top sideAs you can all see from the daily chart CCJ pulled back on the Fib levels to that .50 area we wicked and are now potentially heading back up to potentially make new highs, me personally i would of much rather liked a pull back to .786 area before we got to see a new run to the top but either way i'm ready, looking at the options chain flow the 35 call for May 20 expiry looks to be primed as well as 34 and 32 call has a ton of oi on them as well waiting for numbers to update on the volume from yesterday to see how much is rolling into the oi or if we get a reduction in the oi levels we know people may be rolling out of those trades either way we should get an opportunity to make some nice gains off this play.
Retracement levels for CCJWeakness growing for CCJ. I'm going to close half the position and open a short
Technically there's only so many times you can knock on the resistance without breaking. I think this bull move has run out of steam. Looking at a a retracement now. First to 0.236 Fib level. Then possibly the the stronger 0.382
● latest local top
● RSI =>70 multiple times
Target 1:
● 20 EMA and 0.236 Fib 29 - 29.3 region
Target 2:
● 50 EMA and 0.282 Fib 26.9 region
US Stock In Play: $CCJ$CCJ - addition to $DNN in my previous tweet, $CCJ is the strongest of all Uranium names currently.
already at 52 weeks high in both price and RS & a narrower correction range to its rising 10/20 MA. largest market cap of all 4 names at 12.1B (8 times the size of DNN)
4/3/22 CCJCameco Corporation (NYSE:CCJ)
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 11.562B
Current Price: $29.03
Breakout price: $30.00
Buy Zone (Top/Bottom Range): $27.10-$24.65
Price Target: $34.80-$36.00 (3rd)
Estimated Duration to Target: 150-160d (3rd)
Contract of Interest: $CCJ 9/16/22 35c
Trade price as of publish date: $2.55/contract
$CCJ High Handle Above BreakoutI'm still watching $CCJ - let's see if it can quite down a bit here on this high handle and setups up a low risk entry (orange bars).
$CCJ Uranium - like clockworkCCJ- lagging URA, UUUU, DNN into close. Typically outperforms the rest of the uranium tickers. Big day on Thursday, decision on adding Uranium to the US critical minerals list..
$CCJ Uranium Play $CCJ a play on Uranium that looks early in its Stage 2 uptrend.
Watching next week to see how it builds up this pullback buy. Looks interesting.
CCJ sitting a the top of the could if we break higher watching the 1.618 on the first fib waiting for a pull back. watching lower time frames.
52w high breakout coming next week? 👀CCJ extremely bullish uptrend on this one, previous resistance now acting as support, recently broke its 5th downtrend channel to the upside, bullish rsi cross!
watching for calls above 28.48, puts below 24.62
$CCJ - Cup & Handle Breakout in Bullish SectorNYSE:CCJ
$CCJ showing a C&H breakout, and in a bullish sector.
Out-of-the-money options flow is very bullish, with the 4/14/22 and 9/16/22 expiration dates show most open interest. Strikes are between $30 and $40.
As always, do your due diligence and confirm your levels.
CCJPush to fill the gap upwards around 36??
Seems likely if we break above 29$. Go long on the breakout.
Cameco looks amazing...just wait for confirmation!Channel mid-level should be the guide here!
Take Care!
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
$CCJ closed calls for small gain and went shortCCJ daily candle closed pretty bearish today, and looking at the two upper resistance lines, I'm favoring the downside trade after taking small gains on my longs.
An idea would be to go short with MARC 23 puts.
First target is the 20day MA (blue line) , a break lower there and I'd be targeting the trendline support (black line)
CCJ URA Uranium Bulls running with itI like the idea of going long CCJ April 26 calls or a 26/28 debit spread with more time.
Uranium bulls have defended the trendline support and nice volume with technical indicators and moving averages implying more upside on a strong day already today.
Stop is below 20 day moving average (black line).
2/27/22 CCJCameco Corporation ( NYSE:CCJ )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 9.085B
Current Price: $22.81
Breakout price: $22.95
Buy Zone (Top/Bottom Range): $22.10-$20.55
Price Target: $26.40-$26.90 (1st), $28.30-$29.00 (2nd)
Estimated Duration to Target: 46-48d (1st), 90-93d (2nd)
Contract of Interest: $CCJ 4/14/22 24c. $CCJ 5/20/22 24c
Trade price as of publish date: $1.48/contract, $1.80/contract
CCJ: Revisiting lowsCCJ: Revisiting lows from September 2021 and seeing a 5 point drop since we last mapped out the potential downside. All key moving avergaes have been breached. KLs to watch before support is re-established are: 17.56, 17.12, 16.22. Earnings are scheduled for Feb 9th where upside and derivatives market are seeing upside potential. Downside is acute and a play on capturing volatility leading into ER// ATR: 1.24, Beta 0.82
Uranium Bulls are Back $CCJ $URAMillions of premium in calls flying around today, specifically a big buyer of a March 24/26 debit spread $CCJ
I like the technicals as chart is supporting the upward trendline.
Want to see a move at least up towards the AVWAP with follow through.
I'm long March 24 calls ... Naked ... when uranium moves it MOVES.
Idea to trade to the AVWAP then move stop loss accordingly to lock in profits !
Let's gooooo
Cameco short setup potential Cameco has a had a nice run and see a potential of further correction here on how its setting up under 24.5 looking for ~14-17 for a c bottom
not financial advice
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
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.
