CCJ
50 now. am long term bull on CCJ, keep in mind that higher Uranium prices will bring more supply to the market place. I see a lot of new bulls chase it here at 50 but I think it may want to first fill some gaps near 42-45.
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Stay Frosty!
just some coloring.. could we sell our charts as arts? okay, kidding.
i like CCJ..check out the 9/17 calls 28 strike and the 10/15/21 28's (really anything between $20 and 32ish)
Price prediction. IMO. is bullish. Do i think this exact thing will happen? ..not at all.
i just wanted to draw but its making stops and hitting locations just like before. trade safe...
Supercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued.
In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the...
Cameco Corporation is a Canada-based company engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe.
I expect further growth in the uranium industry. November is traditionally a strong month for the company.
tp1 41.4
tp2 45.4
Hey traders, I want to share my idea on CCJ, the uranium mining company. I think this stock is showing signs of a pullback after a strong rally in the past few months. Let me explain why.
First of all, the price has reached a major resistance zone around $25, which was the previous high in 2011. This level is likely to act as a barrier for further upside...
Long scenario for Cameco.
Fundamentals:
Second biggest Uranium producer in the world. Based in Canada. While Russia (on Position 6 ) and Ukraine (Position 9) are fighting a war + sanctions against Russia.
TA:
Could see something like the orange arrow happening. A far safer approach would be to wait for a break of Level 1. However as i´m willing to hold...
With COMEX:UX1! spot prices surging by nearly 50%, the performance of NYSE:CCJ has been nothing short of remarkable since it broke out of the wedge pattern in June this year. A significant increase in trading volume further exemplifies this rally.
As uranium spot prices continue to show potential for further gains, the question arises: can NYSE:CCJ ...
Uranium miner Cameco ran to new highs in August and September as prices increased for the nuclear fuel. Now, after a pullback, some dip buyers may get active.
The first pattern on today’s chart is the $35.16 level where CCJ closed at the end of July. It continued to serve as resistance in the first half of August, but then became support after prices broke out on...
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as...
Seen this name posted a lot recently due to its strength. Currently ejecting monthly supply zone so now is not the time to get long imo. If anything, I like this name for a short over the next few weeks as some divergences are showing up on lower time frames (RSI divergence on 4 hr chart for example).
Hi, I would sell cameco at $450 if I owned it. I own UEC instead, but I just post this chart to show my $450 cameco target. $450 is 2/3rds of the way to the full amplitude of the chart.
Cameco has reversed all loses versus Bitcoin, incurred since 2017.
Unless a sudden turn of events, expect more erosion of how many Cameco shares your Bitcoin can buy.
#Uranium #Cameco #Bitcoin
