CJ6 trade ideas
CCJ long to the top of the channelCCJ (Cameco) looks very attractive at this price point. With a green close today, CCJ could keep climbing until the psychological $15 level. Cameco may perform very well in 2021.
Cameco Ideal correction priceWill see if this holds but it does check some boxes for me except the most important -> bullish confirmation.
not financial advice
Nearing "back the truck up" for CCJStock is close to finishing a retracement of its recent run-up.
Fib retracement of 0.5 is $11.91 and trend support around $11.91 and 50dma at $12.06.
With good support likely at those levels and a fib extension >$15.63 creates a good asymmetric entry in the low $12 range.
CCJ: Bullish pennant, confirmedBullish Pennant, confirmed
Pros:
Descending volume during formation
Volume at break out
Golden cross un blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
200MA ascending
250RSI above 50
Price Target:
PT = 17.84$
CCO.CA: Bullish Pennant, confirmedBullish Pennant, confirmed
Pros:
Descending volume during formation
Volume increase at break out
PPS above 50MA and 200MA
RS above 0, but descending
Golden cross in blue
ATR Ascending
R/R ratio above 6
200MA ascending
250RSI above 50
Target:
PT = 22.55$
Cameco break over top and playing with resistance OK setup right now for a move to 16. If we do get 15+, the next correction will be the best setup to buy if it presents and then we will start wave 3 of 3 of 3 not financial advice
Cameco CCJ sideways stillMore bullish if it takes out $14. Could see either way but not enough to commit a swing trade
not financial advice
CCJ Cameco: Channeling?Above it, followed by retest and resumption, will result in a parabolic move.
Still has that gap to fill, will result in some soiled underwear if it were to happen rapidly. Flagging out until April.... boring but... w/e
I haven't been charting for very long, but let me know if my comments below are stupid.
CCJ Daily Chart Divergences usually lead to a LT trend. (I'm very intrigued by this... when I find a stock that behaves like this)
2000: May-August. See the divergences and all three trending upward, especailly in July
2002: Summer to Fall. MACD like a slingshot, RSI ascending lows contradicting the two valleys in the candles
2010-2011: RSI and MACD pulling on the candles between November 10' and Feb 11' but specifically RSI and STOCH early FEb to Mid Feb. Then fundamentals kicked in: earthquake.
2020: Mid Oct to Early Nov (this is the divergence that I think sent CCJ up the channel for a long time)
Still learning.
$CCJ - will break up or down?Bilateral triangle, watching to see if this breaks up or down
Have already made a lot on this stock playing options.
CCJ Cameco updateLeaning towards more correction based on how the move off bottom looks. Looking in the $12.3 to 11 for this correction. More bullish over $14.4
$CCJ - Near term targets (as long as price remains above 11.5$)Current resistance via Fibo 12.5$
Not for any recommendation, Just an Idea,
Cameco Nice off the low3 waves so far. Expecting a 13 to 14 finish and hopefully a nice buying opportunity correction
CCJ start to next big moveStart looks good so far. Did rough outline of where I think its at and projection. Think it will get over the previous high on this move. Want it to stay above 10.3 at this point
Simple long term play, bullish breakoutThe simple ideas are sometimes the best ideas.
Long term play here, so no need for lots of technicals.
cameco is looking to break out cameco a uranium stock is looking to break out, need a break above the horizontal resistance line to confirm the move.
Camejo (NYSE) daily chartprimed for a break out here. Cyclical uranium bull market forming. $CCO.CA $URA
Cameco (NYSE) Monthly chartbeen watching the uranium sector for a while. looks primed for another cyclical uptrend. $URA $URNM . no pos
