Cameco (NYSE) Monthly chartbeen watching the uranium sector for a while. looks primed for another cyclical uptrend. $URA $URNM . no pos
CCO trade ideas
$CCJ - break the DTIf the down trend breaks on this, it may just sling shot upward.
I have 80% of my position already in on this one, waiting for the reversal signals to add the last 20%
wedge into an IHNS?I believe nuclear energy is an overlooked sector that will have some potential in the future as we try to get off oil.
There are many way to look at this chart that leads to the high confluence of a single point.
1) If we were to ignore the march crash and connect the two lows we can see support that happens to align at 10.15
2) this same spot happens to be at the 0.618 fib
3) this could be an abcde correction/ wedge that where the bottom of the wedge happens to intersect.
4) This could mature into an inverse head and shoulders if the wedge plays out.
Cameco CCJHit the top of my wave C target ~9 to ~8. Leaning bearish right now but can see bullish scenario if we take out ~10.5 and then a buying opportunity hopefully presents itself.
CCJ looking at 3x -5xDon't sleep on Uranium. With oil/coal dying out energy needs to come from somewhere..
UR AN IUMCCJ im bring at the levels because I know I will be able to sell at a higher level later its business.
LONG CCJExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Cameco CCJstill correcting and expecting the ~9 to ~8 range. Could be a bottom in the 3rd wave and seeing 4th wave now. More bullish over ~10.5
$CCJ - next support 8.82 (added to watch list)Currently not looking so good for Long.
Continue follow-up
Not for any advise
just an Idea,
CCJGood Long Term buy opportunity with limited risk
Side Note: If at all Dems take over, then this will be on fire
CCJ updateNot going down towards target in an ideal manner. Could mean a deeper target or a triangle situation.
CCJ wave CLooking more likely now that we are correcting to my ~8 to ~9 target. Expecting a corrective bump up and continue down
Cameco Corp - is that a 5 wave impulse?Published a couple of ideas on this Uranium stock back in 2018 and in May this year with both of them playing quite nicely to the script. The recent pattern from the low looks like a 5 wave impulse pattern to me so I will be keeping a close eye on this stock to see if it wants to continue this uptrend any time soon.
Cameco poised for a multi-year bull moveAnother stock which I invested in related to uranium growing demand for green energy.
CCJI am posting a new idea on Cameco here as i was stopped out of my previous long on the earnings report. I believe this selloff to be way overblown as it was a result of their main mine shutdown due to crony virus. Their financial position is good and Ux prices are trending up. As they restart the mine this september cash flow will resume. This is a good opportunity to pick up one of the largest producers dirt cheap.
CCJ Cameco Corrective MoveDon't like the move off the low. Expecting a higher B move and more correction right now
