The second largest mining company in the world has one of the best looking charts out here when it comes to commodities. Price is currently breaking up and out of a pennant pattern, and lower indicators show that trend and momentum behind price support the move higher. Train is leaving the station soon, load up now and add more at each stop.
there might be a little more room to the downside, before we continue with wave 2
Long on CCJ here could be in order Stock looks good to upside I'm long personally
The uranium spot price and mining equities have experienced a significant run since the pandemic lows-- largely due to SPUT purchasing from the spot market, panic buying by utilities at the beginning of Russia's invasion of Ukraine, and the prospect of Japanese restarts. But the days of going up multiple times over seem to be over: the spot price has been drifting...
Cameco has been in chop fest, but I think we will continue to sell off into the next year. I said on the week of 9-11-22 the bears take control and it has not failed. Now bears need to take out $20 to get the real momo. Year of the correction - Gann Theory Stay vigilant!
The bears are in control! The weekly chart just had a MacD crossover! Stay vigilant!
Sell Stop 26.33 LMT 26.33 GTC Buy Limit 21.62 GTC Buy Stop 29.42 GTC CCJ weekly bearish hammer wave C correction or wave 3 downtrend.
Can't even penetrate the Supply Zone. Next week should be very interesting.
My forecast of 9-11-22 bears taking control is playing out.
My analysis indicates from 9-11-22 Cameco should start making lower lows and lower highs. Let's see if my calculation will pan out.
Nice bearish hammer on CCJ on daily at the local highs. Waiting for impulse.
Price seems to have broken above longterm channel. I will wait for a confirmation and consolidation above 22 This has potential to test 30s. Important to wait for a break above 22
A great swing idea in a major uranium player. At major support. Looking to for a push higher once the squeeze fires.
In prior 2008-09 recession, Cameco massively underperformed. In a high volatility regime for stocks (VIX > 20), equities overall tend to do poorly. The arc (a @northstar badcharts favorite) suggest another touch down before resuming its uptrend.
entry around 20$ would be ideal easy invalidation if bearish cfork continues 2-5rr depending on how agressive your targets are
CCJ 1D I CCJ has been showing relative strength as we have ongoing wars with major superpowers involved. And also WSJ news pointing to China's fast nuclear buildup. MDU 1D I Engages in the provision of natural resources products. Our bots picked up unusual options activity on MDU $30c 07/12! MDU has shown relative strength. AMD 1D I AMD has been defending the...
$CCJ - addition to $DNN in my previous tweet, $CCJ is the strongest of all Uranium names currently. already at 52 weeks high in both price and RS & a narrower correction range to its rising 10/20 MA. largest market cap of all 4 names at 12.1B (8 times the size of DNN)
Cameco Corporation (NYSE:CCJ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 11.562B Current Price: $29.03 Breakout price: $30.00 Buy Zone (Top/Bottom Range): $27.10-$24.65 Price Target: $34.80-$36.00 (3rd) Estimated Duration to Target: 150-160d (3rd) Contract of Interest: $CCJ 9/16/22 35c Trade price as of publish date: $2.55/contract