Get started
CAMECO CORP.CAMECO CORP.CAMECO CORP.

CAMECO CORP.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

CJ6 trade ideas

Cameco Corp - Bull trap being sprung?Plenty of chatter about the possibility of Uranium and related stocks starting to climb after years in a bear market. Trying to work out this long term correction was all but impossible for me and I'm not that convinced by my count. However this count suggests that the bear market is not over and reckon that the present uptrend may be just a 4th wave correction working its way out. I still think that there may be one more decent leg down to follow in a final 5th wave of a C wave. In the short term though I see some upside as this 4th wave correction plays itself out.
NYSE:CCJShort
by tomj2417
CCJ - Cameco Corp. Mining - domestically sourced energy sourceNYSE:CCJ Recent changes to using domestic sources of Ur (Uranium symbol) for nuclear power. Cameco Corp. is also at an extreme low due to the 2011 psunami that hit Japan that had back-up power failure causing a melt down and Japan shuttering 32 Nuclear Power Plants until they had full double fault protection to prevent such from ever occuring again. They are now getting ready to start back up, which will drive up the prices of Ur futures (UX) and thus profits for domestic suppliers, as no new power plants are being built these days. CCJ pricing in near break-out of 9.75-9.81 resistance level. View the 1w, 1d, 1h, 1m chart and look for pricing to go past 9.80-9.81 range for entry upward and simply know prices are going up. Lower Fib retracement is 9.50 which it quickly bounced off today. Below this 9.13 is the low and not likely with current dynamics.
NYSE:CCJLong
by Pokethebear
1
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. Viewers come to own conclusions. Like, share, comment.
NYSE:CCJLong
by Pokethebear
Elliott in Cycle 1 to $26 My preferred count for Cameco is that we are currently in Cycle 1 that may go on for some months yet. Within Cycle 1 we have completed an Intermediate Wave 1 in Jan 2017, and Intermediate Wave 2 in October 2017. We are now in Intermediate Wave 3, and are completing a minor Wave3 right now. We then need to complete 4 and then 5 to complete higher degree Intermediate Wave 3. Once Intermediate Wave 5 is actually complete sometime next year, we can expect a larger degree correction that would complete Cycle 2. From there we will embark on Cycle 3.
NYSE:CCJLong
by dibster
When this giant awakes, it would be phenomenalI picked this up while reading an article recently about commodities cycle turning bullish again. Please do not ask me about the FA of this company as I do not dwell in it. From a chart perspective, this is what I see. The downside from the current price is it may falls to 1.50, all time low. It can also stay there for a long long time and never recover. That is the risk , meaning you are holding on to a dead stock. Is this your kind of risk ? Do you have the patience to sit and hold? Or can this be the kind of stock you wanna leave behind for your children in 5,10 years or more ? I will monitor this and would be keen to participate on a small scale. Anyone with any insight or articles please share . Thanks p/s : I see a descending wedge pattern which may break out from current price or heads further south before breaking out. Note this is a monthly chart so do not expect to see price actions movement so fast, you may go to lower time frame if you are keen to partake in this stock.
NYSE:CCJLong
by dchua1969
2
Confused bearish trendline breakoutI always try no to draw too many lines because I work with the more basic concepts of support and resistance, trend lines breakout and price patterns . Now Here I have double bottom and a main bearish trend line breakout but the price now have acquired and erratic behavior and more recently the price did a deep pullback and here is the opportunity to entry after this dip (9.79) Other important aspect here is the tails of the candlestick bars in the 7.80 level confirming the double bottom. When I categorize something like a double bottom like in this chart I need a considerable lapse of time between the first floor to the second floor touched in the 7.80 level in this example the double bottom takes one year and one month to take shape. The majority of my ideas have this component a bearish trend line breakout with a double bottom. by the way I not publish the same chart idea twice I not repeat symbols look my published ideas By last the horizontal resistance line in the area of 12.00 was a support broken in the 2008 in the financial crisis and then again was broken in June 2016 This idea need time and observation because the 12.00 resistance level has a lot of relevance in the recent history of this stock. I use a price action analysis with multiple time frame. Without Indicators
NYSE:CCJLong
by Alex_Quiroga
1