CCJ... are we destined to repeat the past?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 my friends -Benz951
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short term- ups and downs for Options. Puts winning as we come back down from hitting the intraday high.
id expect a small continuation monday morning, to only bounce and go back up.
Ccjlong
The 1. Chapter of Cameco - Long - It shines and its dangerous 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 this position for quite some time + watching my risk management.
Requirments:
- none
Invalidation:
- none. Willing to hold it for a long time.
- Would be considering partially closing my position if price went lower than the yearly open and generating lower swings.
Good luck
Cameco (CCJ) stock breakout confirmed...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.
2/27/22 CCJCameco Corporation ( NYSE:CCJ )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 9.085B
Current Price: $22.81
Breakout price: $22.95
Buy Zone (Top/Bottom Range): $22.10-$20.55
Price Target: $26.40-$26.90 (1st), $28.30-$29.00 (2nd)
Estimated Duration to Target: 46-48d (1st), 90-93d (2nd)
Contract of Interest: $CCJ 4/14/22 24c. $CCJ 5/20/22 24c
Trade price as of publish date: $1.48/contract, $1.80/contract