CCJCameco Corporation is a Canada-based company engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. I expect further growth in the uranium industry. November is traditionally a strong month for the company. tp1 41.4 tp2 45.4Longby Lazy-LizardUpdated 333
CCJ showing signs of a pullbackHey traders, I want to share my idea on CCJ, the uranium mining company. I think this stock is showing signs of a pullback after a strong rally in the past few months. Let me explain why. First of all, the price has reached a major resistance zone around $25, which was the previous high in 2011. This level is likely to act as a barrier for further upside movement. Secondly, the RSI indicator is showing a bearish divergence, meaning that the price is making higher highs while the RSI is making lower highs. This indicates a loss of momentum and a possible reversal. Thirdly, the volume is decreasing as the price is rising, which suggests that the buyers are losing interest and the sellers are gaining control. Therefore, I think CCJ is due for a correction and I would look for short opportunities below $25. My target would be around $20, which is the previous support level and the 50-day moving average. My stop loss would be above $26, which is the recent swing high and the upper Bollinger band. This is just my opinion and not financial advice. Please do your own research and trade with caution. Happy trading!Shortby juniorsantiago7221
The 1. Chapter of Cameco - Long - It shines and its dangerous 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 this position for quite some time + watching my risk management. Requirments: - none Invalidation: - none. Willing to hold it for a long time. - Would be considering partially closing my position if price went lower than the yearly open and generating lower swings. Good luckLongby a_tale_of_bulls_and_bearsUpdated 6
Uranium demand is looking bullish, can #CCJ continue to rally? With COMEX:UX1! spot prices surging by nearly 50%, the performance of NYSE:CCJ has been nothing short of remarkable since it broke out of the wedge pattern in June this year. A significant increase in trading volume further exemplifies this rally. As uranium spot prices continue to show potential for further gains, the question arises: can NYSE:CCJ sustain its upward momentum? Several indicators suggest a positive outlook. 1. The MACD (Moving Average Convergence Divergence) has recently formed a bullish crossover, signalling strong momentum in favour of the bulls. 2. Additionally, the stock is currently positioned at the 50-day moving average. 3. Furthermore, NYSE:CCJ has successfully tested the $36 resistance level, which has now turned into support, making for a robust double-bottom pattern. All of these technical signals point to a favourable long position. Investors speculating on NYSE:CCJ at this juncture may stand to gain healthy profits if the current trends persist.Longby sajalgoelin3
CCJ more upside aheadFIB-PriceZone Measured from the start of the first wave, could point to a top 2027?Longby Benbarian2
Cameco May Be OversoldUranium miner Cameco ran to new highs in August and September as prices increased for the nuclear fuel. Now, after a pullback, some dip buyers may get active. The first pattern on today’s chart is the $35.16 level where CCJ closed at the end of July. It continued to serve as resistance in the first half of August, but then became support after prices broke out on August 21. Yesterday the stock bottomed $0.02 above the same level. Second, the drop dragged stochastics into oversold territory. Third, CCJ is trying to stabilize near its 50-day simple moving average. That may suggest its intermediate-term uptrend remains in effect. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation1112
Cameco, reference for uranium investingCameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles and assemblies, and zirconium-based reactor components for CANDU reactors. The company offers nuclear fuel processing services. It sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada. Positive: Holds more cash than debt on its balance sheet Consistently increasing earnings per share Net income is expected to grow this year Stock generally trades with low price volatility Has maintained dividend payments for 32 consecutive years Strong return over the last three months Profitable over the last twelve months Negative: Trading at a high earnings multiple by SANMARTIN_M0
Brarish Deep Crab PatternCCJ completed a potential Deep Crab Harmonic Pattern. I have outlined entry , profit targets and stop loss. Good luck. Shortby FreedomBuilder2
CCJSeen this name posted a lot recently due to its strength. Currently ejecting monthly supply zone so now is not the time to get long imo. If anything, I like this name for a short over the next few weeks as some divergences are showing up on lower time frames (RSI divergence on 4 hr chart for example).Shortby Essendy0
CCJHi, I would sell cameco at $450 if I owned it. I own UEC instead, but I just post this chart to show my $450 cameco target. $450 is 2/3rds of the way to the full amplitude of the chart. by Shammus01Updated 111
I've got a golden ticket.There is no place I know that compares to pure imagination. Living there, you'll be free, if you truly wish to be.Longby bluedog360Updated 2217
Cameco versus BitcoinCameco has reversed all loses versus Bitcoin, incurred since 2017. Unless a sudden turn of events, expect more erosion of how many Cameco shares your Bitcoin can buy. #Uranium #Cameco #BitcoinLongby Badcharts5
CCJ no breakout yetWe might still be in the ongoing correction. The 200 w EMA is heading up and might act as support before we breakout.Longby BenbarianUpdated 3
CCJ Cameco Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CCJ Cameco Corporation prior to the earnings report this week, I would consider purchasing the 34usd strike price Calls with an expiration date of 2023-8-4, for a premium of approximately $0.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Longby TopgOptionsUpdated 4
Cameco (CCJ) stock breakout confirmed...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. Longby WinstonWolfe113
CCJ : BASE 0 DURATION / POSITION TRADECameco (NYSE:CCJ) released a strong print ahead of market open, and followed up with a strong call, as the market leader points towards a narrowing supply/demand gap and increased willingness for utilities to contract at higher prices: CATALYSTS : McArthur River - CEO Gitzel indicated that there's no change to the Company's strategy of pre-selling future production; there's a home for the additional supply from McArthur's restart, and they will not be growing production to build inventory or sell into an oversupplied spot market. Contracting - the company added 40m lbs to the contract book in the first month of 2022, as the fundamental backdrop for demand improved; additionally, the pandemic and depletion in Kazakhstan has brought security of supply challenges for customers; "contracting begets contracting" and Cameco expects continued opportunities to lock in favorable, long-term contracts throughout 2022. Sprott - The emergence of a "financial market" buyer in late 2021, namely Sprott (OTCPK:SRUUF) soaked up a lot of spot-market supply and pushed up spot prices; however, spot buying also removed customer complacency and pushed longer-term contract prices higher. Kazakhstan - both trade policy concerns and instability in Kazakhstan have focused buyers on the origin of supply and helped Cameco take market share. Having struggled with an oversupplied market since Fukushima, it appears the uranium market is finally coming around for low-cost, long-lived producers in secure jurisdictions, like Cameco. With favorable policy likely to come out of the European Taxonomy proposals, the sector (NYSEARCA:URA) appears well positioned for a strong 2022. SOURCE: CCJ after the call -- after a decade, the market looks to be turning, shares up ~15%, Nathan Allen, Seeking Alpha, Feb. 09, 2022 seekingalpha.com Uranium: Potential Trade Of The Decade, Gain Exposure With SRUUF, URNM, Live Hard Investing, Seeking Alpha, Feb. 10, 2022 seekingalpha.com Longby TradingMavericksUpdated 5
uranium finally bottomedthe selloff in this uranium stock looks like a wyckoff spring accumulation pattern. the daily chart showing a high tight flag pattern on breakout which often leads to a longer trend. it seems like nuclear power will play a role in the change to green energy Longby koryuUpdated 2221
Example of Pyramiding Into a Stock $CCJ NYSE:CCJ is a good example of how I pyramid into positions from low risk pullback buy setups (blue dashes entries). * 1st buy July 10th * 2nd buy today 18thLongby TaPlot225
CCJ: Ascending Triangle, Not confirmed (70.19%)(4/1000)(4/1000) Ascending Triangle for CCJ. Not Confirmed yet. Pros: 1- Bullish Ascending triangle 2- Descending volume during formation 3- PPS above 50MA and 200MA 4- RS above 0 but barely 5- R/R ratio above 5 6- 250RSI above 50 and ascending 7- 50MA above 200MA 8- 50 MA and 200MA ascending. 9- Golden star circled in blue Cons: 1- ATR is descending/flat, less volatile 2- Triangle not confirmed yet Target price is 54,12$. Again, stay humble, have fun, make money! MAAX! Longby LeLaf2
CCJ | InformativeNYSE:CCJ If the price of CCJ breaks above the bullish line of $31.23, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $33.00. On the other hand, if the price of CCJ breaks below the bearish line of $29.17, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $26.64.by shkspr0
CamecoLooks like a daily chart breakout and back test so far... #uranium #cameco 24 month moving average MASSIVE volume defined base (now support) custom 7 year Stoch indicator trying to turn on early breakdown lineby Badcharts8
Cameco Testing Upper Triangle Line Cameco Stock Price Analysis - Triangle Pattern Breakout and Potential Price Support Weekly Chart Breakout: Cameco ( NYSE:CCJ ) has made a significant move on the weekly chart timeframe with a breakout from a triangle pattern. This bullish pattern breakout suggests the potential for sustained upward momentum in the stock's price. Price Pullback: Following the breakout, Cameco's stock price has retraced back to the upper line of the triangle pattern, which now acts as a crucial support level. Traders and investors will closely watch this area as it may provide a strong foundation for the stock's next move. RSI Analysis: Assessing short-term momentum, the Relative Strength Index (RSI) indicator provides valuable insights. Currently, the RSI for Cameco appears to be in a neutral zone, suggesting a balanced market sentiment. Traders will monitor for any potential divergences or significant shifts in RSI to gauge potential price movements. PPO Indicator: Furthermore, the Percentage Price Oscillator (PPO) serves as a valuable tool in short-term analysis. A positive PPO indicates upward momentum, while a negative PPO suggests potential downward pressure. Traders will observe for convergences or divergences in the PPO, as it may signal changes in the stock's direction. Keep an Eye On: As Cameco's stock price retraces to the upper line of the triangle pattern on the weekly chart, traders and investors will pay close attention to price action for confirmation of support. A bounce from this level could validate the breakout and potentially lead to further upward movement. However, market dynamics can shift rapidly, so caution and ongoing analysis are essential. Technical analysis provides insights but is not definitive. It's crucial to consider other factors, including fundamental analysis and broader market conditions. Always conduct your own research and seek professional advice before making investment decisions. Longby PrepForProfit222