GroundNinja

CCJ: Revisiting lows

Short
NYSE:CCJ   Cameco Corporation
CCJ: Revisiting lows from September 2021 and seeing a 5 point drop since we last mapped out the potential downside. All key moving avergaes have been breached. KLs to watch before support is re-established are: 17.56, 17.12, 16.22. Earnings are scheduled for Feb 9th where upside and derivatives market are seeing upside potential. Downside is acute and a play on capturing volatility leading into ER// ATR: 1.24, Beta 0.82
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.