CCO trade ideas
«Made it»Ever wanted to just take a break from trading, shoving everything all in, close your eyes and not look at the investment for many years? I bet a lot of people have thought this thought plenty of times. The «made it» investment. Trust me, I’m not recommending this at all. But oh my god, this looks like if I was to do excactly that, this is where I’d do it. Do your own research on Uranium. Invest wisely. I wish I «made it»
2021 Actual Trade: CCJ +25% ProfitsTechnically, CCJ registered a +10% gap-up breakout from an ideal round-shape cup pattern. Thus, it got our attention to follow up with CCJ. We decided to get in after four trading sessions on 12/11/2020 near 13 because 12-13 formed to support.
It went up well for the next few weeks.
Although there was a deep pullback almost wiped out all paper profits. But we held through it as 12.5 offered support level in volatile January.
Then, CCJ cannot wait to rally as outstanding volume came in on February 1, 2021, with +18% gains. Institutional investors decided to join the party. It boosted CCJ to our finish line with +25% profits.
CCJ Elliot Wave analysis CCJ very strong company fundamentally with very strong assets. Uranium bullmarket started this year and will continue for the next decade as electricity will be in high demand. Nuclear energy will be inevitable. CCJ is the worlds biggest publicly traded uranium company.
PT shortterm $35-37
PT longterm $60-100> depends on agression of uranium bullmarket..
~slippe
CCJ - Decade-long, absolute unit, falling wedge breakout!Just some classical TA - Falling wedge PT is the size of the left side of the wedge from the breakout point. This wedge has been forming for over a decade and its just gigantic. Massive, massive gains if it works out here. I'm loaded with shares and options, one of my higher-conviction plays in a month or so.
Nearing "back the truck up" for CCJStock is close to finishing a retracement of its recent run-up.
Fib retracement of 0.5 is $11.91 and trend support around $11.91 and 50dma at $12.06.
With good support likely at those levels and a fib extension >$15.63 creates a good asymmetric entry in the low $12 range.
CCJ Cameco: Channeling?Above it, followed by retest and resumption, will result in a parabolic move.
Still has that gap to fill, will result in some soiled underwear if it were to happen rapidly. Flagging out until April.... boring but... w/e
I haven't been charting for very long, but let me know if my comments below are stupid.
CCJ Daily Chart Divergences usually lead to a LT trend. (I'm very intrigued by this... when I find a stock that behaves like this)
2000: May-August. See the divergences and all three trending upward, especailly in July
2002: Summer to Fall. MACD like a slingshot, RSI ascending lows contradicting the two valleys in the candles
2010-2011: RSI and MACD pulling on the candles between November 10' and Feb 11' but specifically RSI and STOCH early FEb to Mid Feb. Then fundamentals kicked in: earthquake.
2020: Mid Oct to Early Nov (this is the divergence that I think sent CCJ up the channel for a long time)
Still learning.