CCO dips then rises ahead of earnings LONGClear channels is in the TV network subscription package and distribution business; It's earnings
approach on Monday Feb 26th. On the 15 minute chart, in the past week it dipped to pick up
buying interest and then responded with a good rise into the finish of the trading week. On
the chart are various signs of bullish momentum including buying volume spikes, golden crosses
of the pair of Hull Moving Averages, the confirmatory reversal of the Price Volume Trend
and a squeeze release on that indicator. I will take a long trade here. The strike $ 2.00 for
March 15th did 300% on Friday the 23th. I picked up some at $10 per contract.
( If you wonder what screener & its setting I used to find CCO, like this idea and send me
a private message please)
CCO
JSE:CCO Capital & Counties Properties Effort Without ResponseCapital & Counties have been trading in a downward sloping range. After what looks like a spring price has moved to the upper trend line where sellers stepped in. However, the selling off the peeks has been unable to push prices lower, making higher highs. With volume declining it looks like supply is being absorbed. Once this block of shares has been sold price could have a significant move. My bias is for a break out of the trading range and the markup to continue but will watch for a break lower.
CAPITAL & COUNTIES / 4HR Entry- Price is finding support at trendline / 100ma on the 4 hr chart
- SL below R43.75
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:CCO
CCJ - NYSE CCO - TSX Powering the grid Cameco Corp. Mining Uranium stock likely recovers in breakout of FIB retracements 0.5 (recent down) and 0.382 (recent up) and near 9.81 or drop below 9.50 to 8.95-9.25 resistance.
Point of interest:
* Uranium prices beaten down since 2011 Fukashima Reactor melt-down and back-up generator cooling failures from psunami hitting Japan.
* Japan shuts down all of the 32 Nuclear Reactors to assure public safety and clean-up causing global Uranium (Ur) prices to tumble to where it now is.
* Nuclear energy is still a paid for and quite reliable energy source with proper safety measures, which Japan now has and plans to restart.
* No. Amer. power also relies on nuclear power, which Pres. Trump will not import from other countries supporting demand.
* This is one of several plays, which is safe haven mid to large-cap mining stock and away from volatility (VIX) moneyballers like, as VIX up near 5% each of last 2 days.
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