just some coloring.. could we sell our charts as arts? okay, kidding.
i like CCJ..check out the 9/17 calls 28 strike and the 10/15/21 28's (really anything between $20 and 32ish)
Price prediction. IMO. is bullish. Do i think this exact thing will happen? ..not at all.
i just wanted to draw but its making stops and hitting locations just like before. trade safe...
Long scenario for Cameco.
Fundamentals:
Second biggest Uranium producer in the world. Based in Canada. While Russia (on Position 6 ) and Ukraine (Position 9) are fighting a war + sanctions against Russia.
TA:
Could see something like the orange arrow happening. A far safer approach would be to wait for a break of Level 1. However as i´m willing to hold...
The Cameco stock price has broken out on the monthly candlestick.
This is as good as it gets for a bullish indication.
The future is Uranium and it appears the investing world knows this.
The red resistance line goes back as far as 2007, so any moves following this breakout are likely to be significant.
Buy near this breakout level, but not much higher.
Order BUY CCJ NYSE Stop 28.27 LMT 28.27 will be automatically canceled at 20230401 01:00:00 EST
CCJ daily bullish hammer. Stop loss below hammer, take profit to trendline below resistance zone.
This is an OTC Uranium miner stock based out of Africa, they are lagging the big majors like CCJ &UUUU GLATF as far as most recent push off the retracement that tested 618% gold fib ratio. Looking for a wave 5 push to around .49c possible moon shot to .61c
Last monthly at 14.29$ wasn't properly retested yet, so to continue in this Bullrun I'd like to see this support claimed.
Otherwise, I see a steep growth continuing up to the monthly at 33.81$ once spot uranium gets bought up.
Beware of the green gap.
