GroundNinja

CCJ Acute Downside

Short
NYSE:CCJ   Cameco Corporation
CCJ Downside with breach of key levels. It is nearing the lower limits of the upside channel it has oscillated between since September 2021. If selling pressure persists, 21.70 marks a KL to watch before reversion to the mean, then 200 SMA at 20.78. Energy is still an inflow positive sector and pressures involved with Uranium should have clear direction with the status of tensions in Kazakhstan; Acute outlook is continued participation to the downside before a reclaim of key SMAs to the upside// ATR 1.20, Beta 0.82
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