A miss on earnings and a bought deal offering drove the stock down twice to the same level of support. Keep an eye out if the price action turns negative, but longer-term momentum is positive. The stock has a lot of believers, could move 10% to the upside quickly.
Cameco 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%)
With ARR coming in at 97% growth last quarter, Crowdstrike deserves the growth premium in my view. They have a leading position in their industry, and we have seen some solid volume support post most recent earnings. It looks to have been dragged down unfairly in the 2019 IPO wave, but the fundamentals tell a different story. Jumping into this one while sentiment is low.
Slack looks to have found the bottom of it's post IPO fall and has built in a nice support line as it tries to gain momentum. In my view, it's been unfairly caught-up in the negative sentiment directed at the 2019 IPO class of Uber, Lyft, and even WeWork (which didn't make it to market). This is an API first business which does a great job of attracting developers...
The Keg Royalty Income fund licenses its brand assets to Keg restaurants - receiving compensation from top-line revenue. A consistent dividend paid out monthly at 7% while you wait for stock appreciation. Ultimately, this fund gets acquired along with Keg restaurants, which are held separately in a private corporation. Longer term play here if you are looking for...
Falling wedge formed over the last couple of months / rising weekly TL / flattening 50-day EMA / gap fill potential starting at $41 up to $43.50 / gapped down on CEO exit and found support off bottom wedge line.
