Cameco CCJstill correcting and expecting the ~9 to ~8 range. Could be a bottom in the 3rd wave and seeing 4th wave now. More bullish over ~10.5
CCO trade ideas
Cameco Corp - is that a 5 wave impulse?Published a couple of ideas on this Uranium stock back in 2018 and in May this year with both of them playing quite nicely to the script. The recent pattern from the low looks like a 5 wave impulse pattern to me so I will be keeping a close eye on this stock to see if it wants to continue this uptrend any time soon.
CCJ Bullish Continuation RectangleBeautiful rectangle consolidation. 2 ways to play this. Buy daily close above rectangle resistance or buy support after a sign of a bounce taking place. Notice how 200 moving average coming up to converge with rectangle support area. Might head down there in the next few days if the market entered a pull back today. Either play should provide a good bullish opportunity to get in. Volume pattern supporting long side.
