Cameco Ideal correction priceWill see if this holds but it does check some boxes for me except the most important -> bullish confirmation.
not financial advice
Uranium
Nearing "back the truck up" for CCJStock is close to finishing a retracement of its recent run-up.
Fib retracement of 0.5 is $11.91 and trend support around $11.91 and 50dma at $12.06.
With good support likely at those levels and a fib extension >$15.63 creates a good asymmetric entry in the low $12 range.
PDN / PaladinAUD on the rise with commodities turning up in a new green economy. Uranium is going to shine. The path is altered from the last time PDN broke through the equivalent fib channel levels, remarkably similar trajectory, so I just altered the pullbacks to better respect these levels as we are breaking out at a slightly higher price level. I expect this to be one of my best this year. Initiated yesterday.
Zoom out, Chill out.
☢️ UUUU launch soon?Last month breakout of the multi-year base since 2015, retraced 0.382 today and bounce off immediately -- expect 🚀 in following months
Uranium Bull market contender.A lot of uranium small caps are looking like this pattern. Should be more confirmation of the strong bull commodities run.
Energy Fuels continues to build out the flag/rectangleWorking sideways and building out a text book rectangle that might start to slant downwards into a flag. Measured move will put this up into the $6.20-$6.40 range. Volume is declining and MACD has crossed under. RSI is also back under 70.
Consolidation target for a drop out of this zone would be $3.50-$3.60 which intersects with the kijun, cloud, and volume defined support. Great buy opportunity if it happens or wicks down.
Cameco break over top and playing with resistance OK setup right now for a move to 16. If we do get 15+, the next correction will be the best setup to buy if it presents and then we will start wave 3 of 3 of 3 not financial advice
Cameco CCJ sideways stillMore bullish if it takes out $14. Could see either way but not enough to commit a swing trade
not financial advice
CCJ Cameco: Channeling?Above it, followed by retest and resumption, will result in a parabolic move.
Still has that gap to fill, will result in some soiled underwear if it were to happen rapidly. Flagging out until April.... boring but... w/e
I haven't been charting for very long, but let me know if my comments below are stupid.
CCJ Daily Chart Divergences usually lead to a LT trend. (I'm very intrigued by this... when I find a stock that behaves like this)
2000: May-August. See the divergences and all three trending upward, especailly in July
2002: Summer to Fall. MACD like a slingshot, RSI ascending lows contradicting the two valleys in the candles
2010-2011: RSI and MACD pulling on the candles between November 10' and Feb 11' but specifically RSI and STOCH early FEb to Mid Feb. Then fundamentals kicked in: earthquake.
2020: Mid Oct to Early Nov (this is the divergence that I think sent CCJ up the channel for a long time)
Still learning.
CCJ Cameco updateLeaning towards more correction based on how the move off bottom looks. Looking in the $12.3 to 11 for this correction. More bullish over $14.4
Short term Time frame on CURI am loving this stock, been a holder since July where it had a great run but slowly lost all momentum. Been moving great now. Here are my comments and where i see things going foward.
XNS URANIUM ONE DLT PARTHNERTouch down on previous pre breakout resistance, now support. (To be confirmed)
Power Up WorldWith the Vaccine soon to be Online this Chart is looking Fantastic. Covid Has put a Hurting on mines and production is gonna be in Full demand The worlds Power plant are in Great need Uranium.
So with some Volume Short term and long term Macro Chart Look like they are Warming up double Bottom cup Formation Handel to Lift off like to enter somewhere near 12.60 on volume
Cameco Nice off the low3 waves so far. Expecting a 13 to 14 finish and hopefully a nice buying opportunity correction
Uranium Participation about to rip upwards?Uranium suddenly came a life and U.Participation seems to be moving quite fast. I think it is possible that the stock moves in a similar impulse of its last push in symmetry, harmonics. If that happens the stock could go above the FIB projection lines, perhaps around/over $6 CAD.
It is quite strong now, lets wait and see in the next couple weeks.
I am changing this from neutral to bullish.
CCJ start to next big moveStart looks good so far. Did rough outline of where I think its at and projection. Think it will get over the previous high on this move. Want it to stay above 10.3 at this point
Simple long term play, bullish breakoutThe simple ideas are sometimes the best ideas.
Long term play here, so no need for lots of technicals.
cameco is looking to break out cameco a uranium stock is looking to break out, need a break above the horizontal resistance line to confirm the move.
