Cameco Corp - 50% drop comingRisk for bulls - a running flat has completed, if the impulse up is the wave C.
If the assumption works out, 50% drop guaranteed
CCJ trade ideas
$CCJ Potential Head and Shoulders.. Bad news.CCJ putting in a potential H&S on the Daily/Weekly time frames. Mixed options activity as well. With all the stuff going on in Kzakhstan right now this could cause issues for CCJ. Kazakhstan also has 15% of the world's uranium resources. Bear case: looking to retest $19 support level. Bull Case: Needs over $25. I feel like this is really going to come down to how the market wants to interpret the news.
URANIUM might disappointAt the risk of sounding like a bear I think we have come too far, which is why we have seen the sharp pullback of late, I regret that I didn't catch this bearish divergence as it was emerging but my focus was elsewhere...
Let's imagine we have completed the first five waves from the 2020 bottom. That means that we are overdue a pullback that retraces a good proportion of the first wave.
I believe in Uranium and CCJ and am waiting for a better position, but for now, I'm not a buyer at the 200 day MA. I'll layer into names like PDN and AGE etc. as we approach the 0.5 retracement, but there may be more pain if we get a wider market pullback in future. Hoping I'm wrong for the uranium bulls out there but I'm gonna stay conservative for now, good luck friends!
WATCHING $CCJ for entry at 19WATCHING $CCJ for entry at 19
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. In this case I am at target 1 - 19
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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$CCJ Analysis & Key Levels $CCJ Analysis & Key Levels
Target 1 was hit… now going for target 2 @ 19.17
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
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/ >🚀
#URANIUM $CCJ v PF Thought I would check my larger positions vs Cameco and a couple of the larger juniors over the last 12 months..
Conclusions
DYL is trading same as Cameco, not like other juniors despite doubling its resources last 12 months
the leverage to Cameco's moves in many others is massive....
Some CEO'S are so full of shit...
I need to buy more DYL, VMY and LOT...
Watching CCJ for Entry @23.81 Watching CCJ for Entry @23.81
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Short Camceo1.Rising wedgd Bearisch
2.Bearisch divergence
3. Decreasing Volume
4. Earnings red maybe just waiting fir Dividends beofre drop
50% potential
$CCJ Aggressive call buying$CCJ option flow extremely bullish.
Technically it could run to PT $31 , probably why a buyer went long on 2,100 DEC 31C
Following here...
Cameco - We like uranium- CCJ broke downward trend line
- Hitting resistance at 2011 gap
- If it breaks, we go straight to ~$38
CCJ TA 10/12CCJ harmonics, measured the pullbacks for shits and giggles, could be forming a nice cup up to the neckline if volume stays in off this huge ignite bar
Uranium momentum , bullish Nov option flowWhat is driving Uranium? China demand for power and Spot Uranium has increased from $34 to $42 in Sept 2021.
Options flow for Cameco - Nov 19 put call ratio is .27, almost 4 to 1 calls to puts. over 19000 sitting in OI for $25 calls, 14000 in $28 calls.
Other names to watch: URA, UUUU, NXE and UNRM.
resistance = support now hereoverall flow has been very bullish, Friday alone we saw millions of dollars go into calls. bears tried taking it down lower.. but recent resistance is acting as support now. watch for a test of 26 soon :) goodluck!
CcjAre we there yet? Not sure. Got the make off a bullflag though. Falling wedge and a little o bearflag dropping her to 19.5 and see then….
Most bullflags have a waistline that’s midway between top and bottom rails so if you acan see the waistline, you can project a floor. Ccj is tricky but that’s my best guess for now.
$CCJ Vs Uranium UX2!rapid backtest has sent the RSI70 SOARING
Backtest back to the VPVR and wasteline of the bullflag
See the UX price arcing up with teh CCJ: UX
Nice entry? If you look at the chart, I'd think so.. just want a smidge more conirmation of current local stucture.
I'm LT HODL CCJ LEAPS so...
CCJNice ledges there and setup for a bullflag on the BO line.
gaps down nice and bullish. Clearing teh decks of sellers so FOMO can take over again.
CCJ /are we destined to repeat the past?(pt2) target low as 18?what do you think of CCJ by mid october..november-ish?
i think (for now) a continued down trend. not sure about 18 but...
seems my earlier prediction might come to forreston. ~link below~
what do you think of CCJ? short term. down as far as 18?what do you think of CCj by mid october, novemberish? i think (for now) continued down trend.
i charted this head and shoulder pattern before break out, link it below.
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CCJ... are we destined to repeat the past? by Benz951 on TradingView.com
uranium minerwheres she going.................................................................................
Cameco - UraniumWe like the uranium play and we are doing it through Cameco. Sell target at 1.618 Fib level.
We are not early to this play, it has been underway for quite a while. We may be approaching the top, but we want to squeak a bit more out of it.
Other plays are the Sprott Physical Uranium Trust and URNM .
Fundamentally, Sprott is cornering the physical market.
adventuresincapitalism.com
Get some!
CCJ, Buy stop set Looks like Uranium is pulling a lumber and that could produce a similar trend for uranium based trends . Fairly bearish price action yesterday on CCJ , so I think today will say a lot, pre is up . I set a buy stop at 25.75 , will buy a starter if price can come into yesterdays wick and throw a stop under the candle . If trend maintains its current success I will keep adding to the position using similar tactics .
CCJ 9/12/2021Cameco Corp (CCJ)
Sector: Non-energy Minerals (Uranium)
Current Price: $24.43
Breakout price trigger: $23.20 (hold above)
Dip Buy levels: $23.15, $22.50, $22.00
Price Target: $26.00-26.20
Estimated Duration to Target: 1-3 days
Contract of Interest: $CCJ 9/17/21 25c
Trade price as of publish date: $0.79/cnt
