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CAMECO CORPCAMECO CORPCAMECO CORP

CAMECO CORP

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CCO trade ideas

Buy the dip on Uranium CCJI drew these trendlines about 2 weeks ago and since then the price action run like clockwork. Just used this to load up more on uranium-heavy bags. The white line is from multi-year falling wedge which was tested again and showed strong support. My actual price target is near ATH. I think we will miss the opportunity of CCJ below $20 soon. Uranium is similar to planes. People are usually more afraid of flying than driving, but numbers do not lie and show that planes are the safest mode of transportation. I think the sentiment is shifting and the risk is to the upside.
NYSE:CCJLong
by papaya_musical_analysis
2
CCJ possible price and time frame CCJ had an incredible run in a short period of time with multiple pullbacks which developed bullish pennants along the way with new ATH. Currently in consolidation mode with another bullish pennant in process. Looks like we have landed on a support line today with massive sell off due to Red Army attacking the market crashing pretty much all sectors. New target ATH $24.64 with approximal arrival of April 23rd. Like I have mentioned in DNN analysis Uranium has strong fundamentals with 60 million pound in deficit production
NYSE:CCJLong
by AskDrBurt
3
CCJ Uranium Hot Potato Trader here, whats up fellow trader! Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities. Probably the best Uranium company out there. Market Cap: 7.4 B Option Chain notes of interest 3/19 20c OI 30,892 4/16 Heavy volume and open interest noted Did you read the book about the man made of uranium? In the end, they reveal it was U all along!
NYSE:CCJLong
by HotPotatoTrader
2021 Actual Trade: CCJ +25% ProfitsTechnically, CCJ registered a +10% gap-up breakout from an ideal round-shape cup pattern. Thus, it got our attention to follow up with CCJ. We decided to get in after four trading sessions on 12/11/2020 near 13 because 12-13 formed to support. It went up well for the next few weeks. Although there was a deep pullback almost wiped out all paper profits. But we held through it as 12.5 offered support level in volatile January. Then, CCJ cannot wait to rally as outstanding volume came in on February 1, 2021, with +18% gains. Institutional investors decided to join the party. It boosted CCJ to our finish line with +25% profits.
NYSE:CCJ
by marketfellow