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MitchellRudy
Apr 4, 2019 8:20 PM

CCJ to 25.81 following rising uranium spot price Long

Cameco CorporationNYSE

Description

Levels 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.
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