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.
appears to be in the 5th wave on the daily TF. The 5 up sequence looks good as I measured with a fib extension & have a clean W3 top around the 1.618%. Now run to the top of the expansion channel and test the 2.618% level for a wave 5.
This is an OTC Uranium miner stock based out of Africa, they are lagging the big majors like CCJ &UUUU GLATF as far as most recent push off the retracement that tested 618% gold fib ratio. Looking for a wave 5 push to around .49c possible moon shot to .61c
