Cameco... Still Going
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 that the overall momentum behind price is bullish, and with the bullish cross of the two lines it means that the short-term momentum is shifting back to positive as well.
Lower TDI indicator shows the green RSI line back in the upper half of the Bolling Bands which indicates a shift back to positive price trend. The green RSI above 60 indicates that the bullish trend is increasing, and as long as the green RSI continues to trend between the 40-80 levels going forward the longer trend behind price will be considered bullish. This is from the Cardwell RSI strategy which is one of the best methods for reading the RSI if you aren't already a fan of the Cardwell RSI.
Cardwell RSI: youtu.be/fPf0TGO9fU4
The nuclear movement has a fan in Oliver Stone who recently created and released a documentary about the need for nuclear power: nuclearnowfilm.com/
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 that the overall momentum behind price is bullish, and with the bullish cross of the two lines it means that the short-term momentum is shifting back to positive as well.
Lower TDI indicator shows the green RSI line back in the upper half of the Bolling Bands which indicates a shift back to positive price trend. The green RSI above 60 indicates that the bullish trend is increasing, and as long as the green RSI continues to trend between the 40-80 levels going forward the longer trend behind price will be considered bullish. This is from the Cardwell RSI strategy which is one of the best methods for reading the RSI if you aren't already a fan of the Cardwell RSI.
Cardwell RSI: youtu.be/fPf0TGO9fU4
The nuclear movement has a fan in Oliver Stone who recently created and released a documentary about the need for nuclear power: nuclearnowfilm.com/
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