The move to the the Lower main Support is 80% done, currently running risk free with a trailing stop taking in half my profits with each move. Good day!
Trailing downwards nicely. Nothing but profit as usual. Only way to win is to make moves your 100% content with. MACD diverging, RSI oversold but 61.8 Fibonacci looks to break. Maybe get 100% retracement before a move back up but still I would want a strong close above 61.8 Fibonacci to look at a re-entry.
Well VIX watchers...the week ending November 2nd, 2018. The Cboe VIX has dropped 20% from weeks high on Tuesday and a near bottom buyers market.
Based on Fibonacci retracement we're below 0.500 retracement nearing 0.618. When we hit 0.786 retracement next week, or below 15 we'll start to see
some sell offs taking profits.
We've tested the low, but is...
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...
