CCO trade ideas
Long Term Investment - CCJ Uranium BluechipIf you have spare capital lying around and don't want to trade actively.. go for this long with a great RR... (Remember this is a monthly chart so it is really long term). Buying Range Highlighted.. SL in mid 7s and Long targets in green...
Safest Bet Among the Primary Uranium Producers!!Hey Friends!
Cameco is the largest non-state owned public listed uranium miner, with uranium interests in Kazakhstan, US, Australia, and Canada. In Canada, the company operates the Cigar Lake mine in the Athabasca Basin in Saskatchewan, currently the world's highest grade mine. In Kazakhstan, the company is in a Joint Venture with Kazatomprom, the state-owned (and now publicly listed) uranium miner which operates the Inkai mine. The company has several other mines under care and maintenance, notably the McArthur River/Key Lake mine, also in Saskatchewan, erstwhile the world's highest-grade mine. And Cameco has made the right moves through the uranium bear market, shutting down its higher-cost mines, shelving development projects, and cutting its dividend to conserve cash.
However, with uranium spot prices lower than the cost of production of even its Tier 1 mines, the company is aggressively purchasing uranium in the spot market to meet its contract obligations.This will preserve the value of its pounds in the ground as it waits out the bear market, and may also become a hidden balance sheet item in the way that Goldcorp used to accumulate bullion in its earlier days of existence.
Cameco’s long term price contracts provide a hedge too.
Based on the contracts it had in place as of Q2, the company would receive $40 per pound if the spot price was $40 per pound in 2020, $53 at a $60 spot price, and so on. If the company purchases uranium at the current spot price ($25.3/lb) and sells it at $30+ under its long-term contract, it makes a riskless profit, which is precisely what management has been doing and the reason why they are in no hurry to re-start their shuttered mines. If spot prices were to jump to $60/lb, we can see from the table that Cameco will receive $53/lb.
Using their current all-in costs, that would translate to a 64% gross margin, netting $480 million in net income, based on our back of the envelope calculations. Cameco trades at 7.2x the forecast PE.
For a conservative investor, Cameco is the safest bet among the primary uranium producers.
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management LP
www.CryptoWealthCoach.com
$CCJ9.47 in local support.
will it go higher ?
above 9.91 - a good recovery can take a place on here for long.
CCJ BottomReally like what I am seeing here. Very possible 1-2 1-2 pattern forming. Looking as though an entire EW cycle which started in 2001 may be complete. I like this play because I believe the entire uranium market is looking for a bottom. I know may traders that are interested in the market. I have also talked with a trusted CFA and he also likes this stocks numbers. I am confidently buying here between $8-$9. When the fundamentals are strong and the technicals align with the narrative, price discovery can be powerful. I am #Bullish.
Cameco Buying opportunityArrived at the lower support line quicker than i expected, picked up 300 at 9.65, of which it then fell further. sitting quite uneasily on the Fib 0.5, a downtrend and a uptrend!
Positives its above the support line for the third time. needs to stay there.
Negatives the RSI is still in a downward trend.
Are the miners leading the way for a fall in the Uranium price?
CJJ RSI Bullish Div #CCJ #URANIUMRSI Bullish Divergence on the 4 hour and daily and catching a little support near 8.55. I'm expecting a little bounce here imo #uranium #cjj
Marc
Long CCJExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
LONG CCJ (Cameco)Expecting bounce from extremely oversold weekly and daily levels in one of the uranium sector market leader. If stop breached, be prepared to catch new daily reversal on lower levels with tight stop.
$CCJ (Cameco) iH&S with bullish MACD cross inbound. Bullish RSI $CCJ iH&S with bullish MACD cross inbound. Bullish divergence on RSI. Looks great for a swing trade & also long term investment.
CCJ long at support $10 . Uranium divergence on all timeframesWeekly RSI at levels that it only is at a few times over the last 5 years (insanely oversold), DAily RSI just ticked up at a major support level $10. Uranium as measured by $U is showing a major divergence on all time frames 4h/1d/1w . URA (largest uranium ETF) bullish gartley on weekly timeframe.
CCJ lose with smileDate of putting the order: 2. 4. 2019
Date of purchase: 3. 4. 2019
Date of sell (all shares) first target: 10. 4. 2019
Risk of the portfolio 0,66
How many shares: 90
Where will I enter the market? 11,67
Price in 11,67
Profit taker 12,99
Stop loss (na most recent higher low) SAR(0,2;0,02;0,2) 11,27
How many shares on first target (write when sold) 90
Determined Price out at first target 11,64
Calculated max no. of shares based on max amount of $ 86 base 8000 $
Calculated max no. of shares based on max amount of risk 132
What is my profit objective at target? $118,80
Potencial profit at 2R $72,00
Write sometning about your psyhology thinking before trade? ok a little dizzy but in shape for trading.
Describe the trade. What you see? there is an a rising wedge and I will trade between borders
What have I done well for this trade? Enter point was appropriate but also the trade management was appropriate. You close the trade at the right price. you loose a bit but it could be worse
What can I take away to help with later trades? no idea
CCJ to 25.81 following rising uranium spot priceLevels from early 2000's have been defended with solid buying support. Rising Uranium spot price benefits the producers, and CCj have the luxury of some of the biggest reserves on earth. Fib trends from two blowoff tops on previous rallies lead to a clear confluence of the 0.382 from 2007 and the 0.5 from 2011.
Expected timeframe is 2-4 years depending on economic cycles outside of the scope I can predict.
yung cameco coiling hard AFif you're playing uranium
cameco is a solid horse to go with
the URA etf is an etf. not bad to have but harder to move. Cameco the company actually been pulling some moves for a while now
New cycle for Cameco?Bottomed out?
Possible AE, long term meme targets are the orange boxes
A break above 13 would be a nice start
CCO Bull Pennant on the Daily Time FramePrice action is up-trending on higher time frames (weekly and monthly). The pennant formation shown is consistent with price consolidation within an uptrend. Pennant upper boundary has been touched twice (and almost a third time at the tip of the flagpole) and the lower boundary has been touched three times. The MACD is showing consolidation and is waiting for the breakout direction.
Flagpole spans $3.30. A similar price increase, if the pattern breaks to the upside, is possible. This increase should be measured from the lower pennant boundary. Entry at this point is risky as the pattern may break to the downside. A more cautious entry would require waiting for price action to break and close above the upper pennant boundary, with a retest of the upper boundary now serving as support. An Aggressive exit would take place at a price roughly $3.30 higher than the lower boundary of the pennant on the move that breaks to the upside, with more conservative exits anywhere in between.
This is not trading advice, but instead serves as a prediction of future price movements.
Cemeco longEasy read.
With the rise in popularity of Uranium, Nuclear Power and MSR coming in 2020/2021 I see Cemeco doing very well.
ccjI have purchased some CCJ. I really like this as a long term hold because I am impressed with their results given the uranium market tanking.
