CCO trade ideas
CCJ: $12,3 unless market colapses Pretty strong looking chart. Aims towards $12,3 unless whole market crashes in upcoming weeks...you know...because of the global pandemic, complete shutdown of 180 countries and so on...
CCJ 1 Year Chart GOLDEN CROSSUranium has a lot of fundamentals that transition with rising spot prices. I think the Golden Cross on the 1 year chart marks the start of a longer term bull trend. Overbought on the RSI, so a short term pullback is going to be an excellent buying opportunity for what I expect to be an explosive wave 3.
CCJ Long Continuation?NYSE:CCJ remains bullish north of the 20 EMA and Stoch RSI oversold reversal towards bullish.
5/7 closed at 10.73, start a position for 10% 1 week swing??
Disclaimer:
I do not offer financial advice nor am I a certified financial advisor. I am self educated in investing and trading in the stock market and have 20 years of experience and share information here as contribution to the community.
$CCJ can rise in the next daysContextual immersion trading strategy idea.
Cameco Corporation produces and sells uranium.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $10,88;
stop-loss — $10,36.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Cameco Corp CCJ - bullish I posted an idea on this one all the way back in 2018 which has kind of panned out with this latest move up that began recently in March. Is this beginning of something for this stock and by proxy the Uranium market? Not sure but that's a pretty impulsive move off the lows.......
oops missed itwanted in on this one yesterday and forgot about it this morning
really kicking myself
now I am curious if this can break this trend line and make it a new support
got to start digging for info
Uranium FeverNot financial or trading advice!
Entry: 8.30
Stop: 6.85
Target: 12.90
Risk/Reward: 3/1
I am super bullish Uranium long term! Due to recent supply cuts, the increases in UF6 prices, and what seem to be dwindling inventories and the need to begin to engage in long term contracts. I think Uranium is going much higher long term.
My trade idea is to go long CCJ at the bottom of its basing range and either take profits at the top before re-engaging after a breakout, or simply to hold long term.
My preferred method to trade this is to buy long dated options and roll up protection or take profits should the sector move higher. Uranium miners have a history of 5x 10x 20x returns.
$CCJ - Great recovery from the bottom (~80%)Price tested the resistance area and pulled back.
2 supports below are 8.6 and 8.
Good luck
Cameco - a rare opportunity to invest in carbon-free nuclear.Cameco's share price is down nearly 50% from it's 52-week high, despite what is normally a low beta stock. The Company has a strong balance sheet and over $1 billion in cash. The only issue is earnings. The P/E ratio is very high, but the $74 million in earnings (before adjustments) for 2019 was a paltry 18 cents per share in an oversupplied market for uranium. Cameco management is aware of this, and to quote their own strategy:
We will not produce from our tier-one assets to sell into an oversupplied spot market. During a prolonged period of uncertainty, this could mean leaving our uranium in the ground. As conditions improve, we expect to meet rising demand with production from our best margin operations.
CCJI drew up this giant triangle on CCJ back in February and it was reminding me of #bitcoin TBH,
I thought that the bottom trend line would in fact hold and we would see a bounce to the entire Uranium market.
As well as the crypto markets. PM's are selling off and everything is breaking down below critical support.
Shorts are being blocked from exchanges & not really sure where the bottom is but if CCJ goes sub $3 then I will probably
sell my ass on the corner to get as much of this Uranium Giant I can buy. Be safe fam.
Bounce off OversoldCameco has entered oversold territory and has found support at this level over the last few years.
Uranium market is bleak but a trading opportunity here if a bit of optimism appears prior to earnings.
Stop - $8.02 (potential -2.2%)
Long-term uranium mining betI've been watching Cameco and the uranium mining market in general for years. It's about time to start building my position.
In the past, I was interested in URA ETF , but I am not happy about what assets they put into the basket. Ideally, I would invest in the ETF tracking the uranium price. Since it's impossible, the next closest thing is uranium mining. I am not interested in all uranium-related businesses since they also depend on a variety of other factors. This is why Cameco alone offers, in my opinion, better exposure to the uranium price than URA ETF , not to mention the lack of managing fees.
The intention here is to build a long-term position and collect some dividends in the meantime. If the price keeps falling, I am happy to continue accumulation (possibly including smaller mining stocks as well).
The negative sentiment on the uranium market will end eventually, and I am happy to grow my position along the way. Uranium represents many ideas I have on the current market. My favorite is the growing demand for green energy. Nuclear power is one of the few sound alternatives to fossil fuels, and probably the most realistic one.
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.
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.
The World is Not Quite Ready for UraniumB wave of correction made it past the .61 which is why I believe we're in a flat correction with a weak B wave, only getting to the .78. Thus, I would expect to see five waves down in this last leg.
Targeting .61 minimum. There is confluence though at the .78 with wave C of the flat potentially reaching a 1.6 of wave A. Additionally fits well with the wave 2 of initial impulse. Currently just continuation of trend.
Uranium not quite ready for trend change. When it is though, I'd be expecting some serious moves.
Note, This is simply an observation and should not be considered as advice to buy or sell.
Good luck out there.
Time for Uranium to shine? Multi year compression leading into the Apex as the US-Iran tensions heighten.
IMO CCJ will be over $10 in a matter of weeks.
