CCJ Potential Breakout Analysis Cameco Corporation ( NYSE:CCJ ) is currently showing signs of a potential breakout back into Stage 2. Breakout Confirmation The stock price of Cameco ( NYSE:CCJ ) is approaching a critical resistance level. The trading volume is increasing, indicating growing investor interest. Key technical indicators suggest a bullish...
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...
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...
We might still be in the ongoing correction. The 200 w EMA is heading up and might act as support before we breakout.
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...
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 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...
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.
Cameco has been in chop fest, but I think we will continue to sell off into the next year. I said on the week of 9-11-22 the bears take control and it has not failed. Now bears need to take out $20 to get the real momo. Year of the correction - Gann Theory Stay vigilant!
The bears are in control! The weekly chart just had a MacD crossover! Stay vigilant!
Can't even penetrate the Supply Zone. Next week should be very interesting.
My forecast of 9-11-22 bears taking control is playing out.
My analysis indicates from 9-11-22 Cameco should start making lower lows and lower highs. Let's see if my calculation will pan out.
In prior 2008-09 recession, Cameco massively underperformed. In a high volatility regime for stocks (VIX > 20), equities overall tend to do poorly. The arc (a @northstar badcharts favorite) suggest another touch down before resuming its uptrend.
Seems like a pretty good spot for a quick buy with a tight stop
$CCJ - addition to $DNN in my previous tweet, $CCJ is the strongest of all Uranium names currently. already at 52 weeks high in both price and RS & a narrower correction range to its rising 10/20 MA. largest market cap of all 4 names at 12.1B (8 times the size of DNN)
CCJ's price action seeing responsive participants with alternative energy leading the market amidst heightened oil prices. While key levels on acute time frames are being tested by both buyers and sellers, CCJ's weekly optics present continuous range extension. While price action has begun to pierce a gap previously seen from April 2011, KL of 28.45 would be more...
I like the idea of going long CCJ April 26 calls or a 26/28 debit spread with more time. Uranium bulls have defended the trendline support and nice volume with technical indicators and moving averages implying more upside on a strong day already today. Stop is below 20 day moving average (black line).