Cameco $CCJ structural trend change. Uranium stocks look set to outperform the market.
NYSE:CCJ Recent changes to using domestic sources of Ur (Uranium symbol) for nuclear power. Cameco Corp. is also at an extreme low due to the 2011 psunami that hit Japan that had back-up power failure causing a melt down and Japan shuttering 32 Nuclear Power Plants until they had full double fault protection to prevent such from ever occuring again. They...
This uranium ETF has hit its multi year support again. Long on the next 3 day high $UUUU $UEC $CCJ
Cameco Corp. Mining Uranium stock likely recovers in breakout of FIB retracements 0.5 (recent down) and 0.382 (recent up) and near 9.81 or drop below 9.50 to 8.95-9.25 resistance. Point of interest: * Uranium prices beaten down since 2011 Fukashima Reactor melt-down and back-up generator cooling failures from psunami hitting Japan. * Japan shuts down all of...
Looking for the RSI Line to break the downward tren while the share price gets back over the 30 MA. Long term bullish,, short term it as probably got ahead of itself but not by much.
Uranium ETF showing a nice consolidation in price. good r/r here, waiting for ultimate break out over 16.50 $URA $UUUU $CCJ $UEC
CCJ looks prone to a volatility spike to the upside. It could finish the year closing in on the multi year downtrend resistance level.
URA is bounce of a 4th bottom on the weekly at that price line. Long via uranium related companies. Could be a new trend starting with fundamental aspect of decreased output of uramium in Kazakhstan.
NYSE:CCJ - double bottom.. would be a nice try.
Uranium breaking out of 6 year bear trend... and CCJ looks set to bounce
I don´t think there is a sector that is more hated than uranium. Everything looks very bleak. This is a true contrarian bet. I`m using Cameco as a proxy for the uranium market. As you can see in the chart, this might be the first time in the last 5 years that the uranium market is going to make a higher yearly low. The entry provides a great R/R as one can set...
Harmonic bullish bat pattern in uranium price recently. Plus 10 year GANN cycle completed on June 30, 2017 exactly 10 years from the previous peak at June 30, 2007. So a harmonic bullish BAT pattern and a 10 year GANN (the greatest trader who ever lived ) cycle on June 30th ? I will take those odds any day. I am no expert in GANN, but these confluence of...
My previous post getting too cluttered now... Still looking to buy CCJ
Good gap yesterday. Thought I had published this already but just noticed I did not. Didn't necessarily expect it to trigger today like it did. Should still be able to get entered in tomorrow. I expect a little bit more of a retest of the support line. Ultimate target is 13.32
Potential support around $8 but below that looking at 2002 lows at $2.65
Taking a long position here. This is the only unhedged uranium miner in the industry. They had halted production during the low U prices, but prices are on the upswing and they will capitalize from it. Their in-situ recovery method is established, they have reserves, and they own a ton of property in the USA. The best part of the story... the CEO is Iranian...