Analyzing the options chain and the chart patterns of CCJ Cameco Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2023-8-4,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
The Cameco stock price has broken out on the monthly candlestick.
This is as good as it gets for a bullish indication.
The future is Uranium and it appears the investing world knows this.
The red resistance line goes back as far as 2007, so any moves following this breakout are likely to be significant.
Buy near this breakout level, but not much higher.
Cameco (NYSE:CCJ) released a strong print ahead of market open, and followed up with a strong call, as the market leader points towards a narrowing supply/demand gap and increased willingness for utilities to contract at higher prices:
CATALYSTS :
McArthur River - CEO Gitzel indicated that there's no change to the Company's strategy of pre-selling future...
the selloff in this uranium stock looks like a wyckoff spring accumulation pattern.
the daily chart showing a high tight flag pattern on breakout which often leads to a longer trend.
it seems like nuclear power will play a role in the change to green energy
NYSE:CCJ is a good example of how I pyramid into positions from low risk pullback buy setups (blue dashes entries).
* 1st buy July 10th
* 2nd buy today 18th
(4/1000)
Ascending Triangle for CCJ. Not Confirmed yet.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- RS above 0 but barely
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending.
9- Golden star circled in blue
Cons:
1- ATR is descending/flat, less...
NYSE:CCJ
If the price of CCJ breaks above the bullish line of $31.23, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $33.00.
On the other hand, if the price of CCJ breaks below the bearish line of $29.17, it may suggest a bearish signal, implying potential downward price...
Looks like a daily chart breakout and back test so far... #uranium #cameco
24 month moving average
MASSIVE volume defined base (now support)
custom 7 year Stoch indicator
trying to turn on early breakdown line
Cameco Stock Price Analysis - Triangle Pattern Breakout and Potential Price Support
Weekly Chart Breakout: Cameco ( NYSE:CCJ ) has made a significant move on the weekly chart timeframe with a breakout from a triangle pattern. This bullish pattern breakout suggests the potential for sustained upward momentum in the stock's price.
Price Pullback: Following the...
Cameco broke out from large triangle pattern in June. This breakout followed a large consolidation for over a year, after the first major leg up from 2020 lows.
If the backtest of triangle holds, CCJ and Uranium sector could be setting up for next major leg of new bull market in Uranium.
The technical uptrend is backed by strong sector fundamentals given...
Lets dive into another stock of the long term investments and position trading portfolio.
This time one out of the uranium basket as the uranium renaissance is in full swing.
Currently holding 2 positions, which combined has an average price of around $23 (red circles) and looking to add
Cameco is the second largest uranium mining company in the world and owns...
NYSE:CCJ in Uptrend with High Relative Strength consolidation for more than year and today Breakout above pivot point.
Pivot Point: 31.40
1st Target: ~38.3 (~20%)
2nd Target: ~46 (~44%)
Cameco continues to gain in price as spot uranium moves higher. We are seeing textbook breakout out of a triangle pattern with Cameco on pace for its highest monthly close since February of 2011.
Lower PPO indicator is in the process of a bullish cross of the green PPO line above its purple signal line. Both of these lines trending above the 0 level indicates...
Uranium miner Cameco rallied on June 1 as U.S. Senators advanced a nuclear-energy bill. Now, after a pause, some traders may see the potential for continuation higher.
The first pattern on today’s chart is the sharp rally above February’s peak of $29.73. CCJ probed $0.01 below that level on Wednesday before rebounding. Has old resistance become new...
Ascending Triangle on the Weekly chart for CCO on Canadian market. Confirmed
Pros:
1- Bullish Ascending triangle broke through resistance
2- Descending volume during formation of the triangle
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending
9- Golden...
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.
Good long for a minimum target to 40
Since it is abit extended, I would go in with 0.5 Risk with a stop around 27.5.
Wait for a consolidation and on breakout to new highs, double my position to 1R and ride to 40 :)
Lets wait and see!
High Volume on Breakout
Triangle
High Earnings
