Cameco versus BitcoinCameco has reversed all loses versus Bitcoin, incurred since 2017.
Unless a sudden turn of events, expect more erosion of how many Cameco shares your Bitcoin can buy.
#Uranium #Cameco #Bitcoin
CCO trade ideas
CCJ no breakout yetWe might still be in the ongoing correction. The 200 w EMA is heading up and might act as support before we breakout.
CCJ Cameco Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CCJ Cameco Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2023-8-4,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Cameco (CCJ) stock breakout confirmed...The Cameco stock price has broken out on the monthly candlestick.
This is as good as it gets for a bullish indication.
The future is Uranium and it appears the investing world knows this.
The red resistance line goes back as far as 2007, so any moves following this breakout are likely to be significant.
Buy near this breakout level, but not much higher.
CCJ : BASE 0 DURATION / POSITION TRADECameco (NYSE:CCJ) released a strong print ahead of market open, and followed up with a strong call, as the market leader points towards a narrowing supply/demand gap and increased willingness for utilities to contract at higher prices:
CATALYSTS :
McArthur River - CEO Gitzel indicated that there's no change to the Company's strategy of pre-selling future production; there's a home for the additional supply from McArthur's restart, and they will not be growing production to build inventory or sell into an oversupplied spot market.
Contracting - the company added 40m lbs to the contract book in the first month of 2022, as the fundamental backdrop for demand improved; additionally, the pandemic and depletion in Kazakhstan has brought security of supply challenges for customers; "contracting begets contracting" and Cameco expects continued opportunities to lock in favorable, long-term contracts throughout 2022.
Sprott - The emergence of a "financial market" buyer in late 2021, namely Sprott (OTCPK:SRUUF) soaked up a lot of spot-market supply and pushed up spot prices; however, spot buying also removed customer complacency and pushed longer-term contract prices higher.
Kazakhstan - both trade policy concerns and instability in Kazakhstan have focused buyers on the origin of supply and helped Cameco take market share.
Having struggled with an oversupplied market since Fukushima, it appears the uranium market is finally coming around for low-cost, long-lived producers in secure jurisdictions, like Cameco. With favorable policy likely to come out of the European Taxonomy proposals, the sector (NYSEARCA:URA) appears well positioned for a strong 2022.
SOURCE:
CCJ after the call -- after a decade, the market looks to be turning, shares up ~15%, Nathan Allen, Seeking Alpha, Feb. 09, 2022
seekingalpha.com
Uranium: Potential Trade Of The Decade, Gain Exposure With SRUUF, URNM, Live Hard Investing, Seeking Alpha, Feb. 10, 2022
seekingalpha.com
uranium finally bottomedthe selloff in this uranium stock looks like a wyckoff spring accumulation pattern.
the daily chart showing a high tight flag pattern on breakout which often leads to a longer trend.
it seems like nuclear power will play a role in the change to green energy
Example of Pyramiding Into a Stock $CCJ NYSE:CCJ is a good example of how I pyramid into positions from low risk pullback buy setups (blue dashes entries).
* 1st buy July 10th
* 2nd buy today 18th
CCJ: Ascending Triangle, Not confirmed (70.19%)(4/1000)(4/1000)
Ascending Triangle for CCJ. Not Confirmed yet.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- RS above 0 but barely
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending.
9- Golden star circled in blue
Cons:
1- ATR is descending/flat, less volatile
2- Triangle not confirmed yet
Target price is 54,12$.
Again, stay humble, have fun, make money!
MAAX!
CCJ | InformativeNYSE:CCJ
If the price of CCJ breaks above the bullish line of $31.23, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $33.00.
On the other hand, if the price of CCJ breaks below the bearish line of $29.17, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $26.64.
CamecoLooks like a daily chart breakout and back test so far... #uranium #cameco
24 month moving average
MASSIVE volume defined base (now support)
custom 7 year Stoch indicator
trying to turn on early breakdown line
Cameco Testing Upper Triangle Line
Cameco Stock Price Analysis - Triangle Pattern Breakout and Potential Price Support
Weekly Chart Breakout: Cameco ( NYSE:CCJ ) has made a significant move on the weekly chart timeframe with a breakout from a triangle pattern. This bullish pattern breakout suggests the potential for sustained upward momentum in the stock's price.
Price Pullback: Following the breakout, Cameco's stock price has retraced back to the upper line of the triangle pattern, which now acts as a crucial support level. Traders and investors will closely watch this area as it may provide a strong foundation for the stock's next move.
RSI Analysis: Assessing short-term momentum, the Relative Strength Index (RSI) indicator provides valuable insights. Currently, the RSI for Cameco appears to be in a neutral zone, suggesting a balanced market sentiment. Traders will monitor for any potential divergences or significant shifts in RSI to gauge potential price movements.
PPO Indicator: Furthermore, the Percentage Price Oscillator (PPO) serves as a valuable tool in short-term analysis. A positive PPO indicates upward momentum, while a negative PPO suggests potential downward pressure. Traders will observe for convergences or divergences in the PPO, as it may signal changes in the stock's direction.
Keep an Eye On: As Cameco's stock price retraces to the upper line of the triangle pattern on the weekly chart, traders and investors will pay close attention to price action for confirmation of support. A bounce from this level could validate the breakout and potentially lead to further upward movement. However, market dynamics can shift rapidly, so caution and ongoing analysis are essential.
Technical analysis provides insights but is not definitive. It's crucial to consider other factors, including fundamental analysis and broader market conditions. Always conduct your own research and seek professional advice before making investment decisions.
Will the backtest hold?Cameco broke out from large triangle pattern in June. This breakout followed a large consolidation for over a year, after the first major leg up from 2020 lows.
If the backtest of triangle holds, CCJ and Uranium sector could be setting up for next major leg of new bull market in Uranium.
The technical uptrend is backed by strong sector fundamentals given supply/demand imbalances (exacerbated by geopolitical tensions), financial players (e.g. Sprott) supporting Uranium sport price and overall change in public sentiment towards Nuclear.
A weakening US dollar would also help the commodity trade more broadly, including Uranium as well as the Metals.
URNJ (junior miners) could be a great way to play the sector if next leg up materializes.
Cameco CorpLets dive into another stock of the long term investments and position trading portfolio.
This time one out of the uranium basket as the uranium renaissance is in full swing.
Currently holding 2 positions, which combined has an average price of around $23 (red circles) and looking to add
Cameco is the second largest uranium mining company in the world and owns the largest high grade uranium mine, which is temporary closed atm.
There can be enough said about the uranium sector and the potential fundamentals.
From a value standpoint, this stock might be overvalued. Has a P/E of 100 against an EPS of 0.30. But we are not on Buffetview, but on tradingview.
Stock markets tend to overshoot, specially in the commodities and tech sectors. So once the hype train start running again, their might be some value find in this giant miner.
So far this year CJJ has been outperforming any other N. American uranium mining company, at least all the ones in my basket.
If you look at the chart, you can clearly see CJJ has been on the run, broke out of the compression and took out several highs.
An ideal setup would be a correction back to the upper line of the compression pattern. I would add there to the position and might consider adding leveraged cfd positions.
Price target $38
CCJ Breakout with uptrend after year of consolidation
NYSE:CCJ in Uptrend with High Relative Strength consolidation for more than year and today Breakout above pivot point.
Pivot Point: 31.40
1st Target: ~38.3 (~20%)
2nd Target: ~46 (~44%)
Cameco... Still GoingCameco continues to gain in price as spot uranium moves higher. We are seeing textbook breakout out of a triangle pattern with Cameco on pace for its highest monthly close since February of 2011.
Lower PPO indicator is in the process of a bullish cross of the green PPO line above its purple signal line. Both of these lines trending above the 0 level indicates that the overall momentum behind price is bullish, and with the bullish cross of the two lines it means that the short-term momentum is shifting back to positive as well.
Lower TDI indicator shows the green RSI line back in the upper half of the Bolling Bands which indicates a shift back to positive price trend. The green RSI above 60 indicates that the bullish trend is increasing, and as long as the green RSI continues to trend between the 40-80 levels going forward the longer trend behind price will be considered bullish. This is from the Cardwell RSI strategy which is one of the best methods for reading the RSI if you aren't already a fan of the Cardwell RSI.
Cardwell RSI: youtu.be
The nuclear movement has a fan in Oliver Stone who recently created and released a documentary about the need for nuclear power: www.nuclearnowfilm.com
Cameco May Be Attempting a BreakoutUranium miner Cameco rallied on June 1 as U.S. Senators advanced a nuclear-energy bill. Now, after a pause, some traders may see the potential for continuation higher.
The first pattern on today’s chart is the sharp rally above February’s peak of $29.73. CCJ probed $0.01 below that level on Wednesday before rebounding. Has old resistance become new support?
Next, prices have remained above the 8-day exponential moving average (EMA) and MACD is rising. Those signals may indicate short-term direction is pointing higher.
Third, the stock climbed after results beat estimates on February 9 and April 28.
Finally, the most recent advance comes after CCJ held its 200-day SMA. That may suggest it’s ready to resume its longer-term uptrend following almost two years of consolidation.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
CCO.CA: Ascending Triangle, Confirmed (47,84%)Ascending Triangle on the Weekly chart for CCO on Canadian market. Confirmed
Pros:
1- Bullish Ascending triangle broke through resistance
2- Descending volume during formation of the triangle
3- PPS above 50MA and 200MA
4- RS above 0 and ascending
5- R/R ratio above 5
6- 250RSI above 50 and ascending
7- 50MA above 200MA
8- 50 MA and 200MA ascending
9- Golden cross in blue
Cons:
1- ATR is flat, less volatile
Target price is 58,84$.
Again, stay humble, have fun, make money!
MAAX!
Cameco... Watch It GoThe second largest mining company in the world has one of the best looking charts out here when it comes to commodities. Price is currently breaking up and out of a pennant pattern, and lower indicators show that trend and momentum behind price support the move higher.
Train is leaving the station soon, load up now and add more at each stop.
Long ! Minimum target 40Good long for a minimum target to 40
Since it is abit extended, I would go in with 0.5 Risk with a stop around 27.5.
Wait for a consolidation and on breakout to new highs, double my position to 1R and ride to 40 :)
Lets wait and see!
High Volume on Breakout
Triangle
High Earnings
Cameco Quarterly ChartWaiting for quarterly confirmed breakout.
Target range 109$-136$.
greedy 5 year rate of change target
#Cameco #Uranium
Cameco#Uranium #Cameco #Bonkers #RocketShip
coiled above 200 day sma and volume defined base.
watch a close above that massive thick breakout line.
Cameco out performing US equitiesWhat do you mean the uranium miners are done for?
Notes:
pressure squeeze
Momentum as defined by distance from 3 year moving average
#uranium #cameco #spx
CCJ - Support Found Above ChannelA previous resistance point at the top of the channel (first price label at 4.55)
Has turned into a support point (second price label at 19.1)
A large falling wedge is also evident, fueling this bull move
