Cameco Buying opportunity
Arrived at the lower support line quicker than i expected, picked up 300 at 9.65, of which it then fell further. sitting quite uneasily on the Fib 0.5, a downtrend and a uptrend!
Positives its above the support line for the third time. needs to stay there.
Negatives the RSI is still in a downward trend.
Are the miners leading the way for a fall in the Uranium price?
Positives its above the support line for the third time. needs to stay there.
Negatives the RSI is still in a downward trend.
Are the miners leading the way for a fall in the Uranium price?
Trade active
Picking some up a few at these levels (8.53 possible double bottom).. could be bargain of the century. Uranium is everybody favorite punchbag at the moment, with all U stocks taking a pounding , Boy George best summed it up when he sang " I`m a man without conviction" so we know he isn't buying... the catalyst is when the Utilities started realizing that there poker hand is a busted flush... Would not be surprised to see 8,04 or even 7,46 at these levels they are giving the stock away...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.