CCJ channel breakout Long

Cameco CorporationNYSE

Description

⋅ Jun 21, 2022 12:58 PM

Price seems to have broken above longterm channel.

I will wait for a confirmation and consolidation above 22

This has potential to test 30s.

Important to wait for a break above 22

Trade closed: target reached

⋅ Jul 19, 2022 3:39 PM

Comments

TORNADOF5

⋅ Jun 21, 2022 1:02 PM

hey , what you think about SU and VALE ?? as long btu look good to it close to very strong support the coal stock
thanks

HouseOfTrades

⋅ Jun 21, 2022 1:05 PM

@TORNADOF5, It has support at 14.50 area, but also resistance at 15.75
Not a good R:R in my opinion. I dont trade support bounces though, so it is more like what strategy you trade.
I prefer breakouts
I would long it above 15.75