Cameco CorporationCameco CorporationCameco Corporation

Cameco Corporation

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CCJ bottomed after a correction in the mid term...
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CCJ Bottom fishing with very small risk. Stop at 40.55$
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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.
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CCJ Breakout of the channel. A bounce on the breakout zone might offer a nice long.

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CCJ Strong Q4 earnings, in this for long ride,

sell OOTM, out of the range, calls when drifting up, puts when backtracking
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