reversal candle$cco.to NYSE:CCJ printing an ominous weekly reversal candle at upper bound resist. Not a good look. #uranium #u308Shortby DollarCostAverage1
Small bunnySmall bunny graze at plains of $CCJ. It is little bit skinny now but has plenty of resources to feed on.Longby FiercePears114
CCJ - Typically pulls back on new 52 week high - sold PutsChris, After reflection I was wrong to recommend buying on the breakout yesterday (Friday, 4/12). Looking back at the past year I noticed that CCJ typically will retrace on a new high. A 61.8 fib retracement brings the stock back to the previous breakout and a gap which where I like to be a buyer on a bounce. Joe pointed out "The premium for Put CCJ 40 9/21/24 is about $1.85. For a strike price of 45, the premiums for CCJ range from $1.05 (May 10, 2024) to $8 (Jan 16, 2026)." Those premiums are on the upper end 52 week range of the volatility. Thanks for pointing out Joe. I prefer shorter term premium and sold the May 45 for $1.19 which brings the B.E. price right to the 61.8 Fib. I would take assignment at that price. Longby Bubbalouie0
CCJ.NYSE Cameco Corp Inverse Head & Shoulder Seen.Cameco Corp Inverse Head & Shoulder Seen and soon in Blue Sky Territory. This is a fairly rare Pattern IMO. In this Chart I've switched to the line view to reveal the pattern and remove candle clutter. A good trick to use on longer time frames. The Energy Sector is gaining due to the realisation that the World NEEDS MORE. Past speculation about Nuclear has now made this a potential GREEN ENERGY Solution. Uranium Stocks did rally, but there has been some selling and a pullback. I still see plenty of Opportunity in this Sector. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham. Longby hitchcoxg4
CCJ Cup BasePlay on Uranium. Leader in that space with solid revenue and earnings per share. Bounced strongly after testing its 200 MA and now building a cup base. Few days drifting lower will set this up very well. Longby TaPlot222
CCJ Potential Breakout State Cameco $CCJCCJ Potential Breakout Analysis Cameco Corporation ( NYSE:CCJ ) is currently showing signs of a potential breakout back into Stage 2. Breakout Confirmation The stock price of Cameco ( NYSE:CCJ ) is approaching a critical resistance level. The trading volume is increasing, indicating growing investor interest. Key technical indicators suggest a bullish momentum. Conclusion Cameco ( NYSE:CCJ ) is in Stage 2 breakout, showing promising signs for potential growth.Longby holacarlosmartinez1
CCJ - trying to find a low risk entryCCJ has been on a nice up trend since 11/2020. Looking at the the monthly it has only closed below the monthly 10 EMA four times in the last thirty months. The daily dropped into daily demand and bounced nicely off of the 200 SMA which has been respected for the past year. I bought just above yesterday's high. I bought Jan 40 calls and sold April 47 calls. I have a stop shown and possible targets dependent on time decay of the calls I have sold.Longby BubbalouieUpdated 1
Cameco (CCJ) vs peer group uranium miners (Jan 2023-April 2024)As a sector, uranium mining has been in a strong uptrend throughout 2023 with a peak in early 2024. Pullback currently underway, based on Uranium U308 (UX1!) spot price softness since January 2024. Geopolitical and operational factors to be considered: (a) Nuclear energy facilities in Europe and USA are reliant to a large degree on fuel sourced from Russia and Kazakhstan, which may be curtailed via legislation (sanctions on Russia and possibly Kazakhstan) or supply chain disruptions (reduced military presence in Niger, announced operational curtailments in Kazakhstan and Saskatchewan which together produce half of global supply). (b) Legacy nuclear facilities are being extended beyond scheduled retirement dates, which will add to demand-side pressure. (c) Nuclear energy is a significantly less elastic market than other types of fuel due to the continuous operational nature of facilities and imperfect substitution alternatives in the short term, which maintains a floor on uranium demand. For consideration: Buy uranium miners located in stable jurisdictions, friendly to US and European interests, and located close to natural markets for fuel consumers. Longby StrobeT0
Cameco near ATH from 2007.Cameco is approaching 2007 highs. Will we see a correction to $32 or will it hit $56 immediately? I would like to remind you that the sentiment on the uranium market is getting better.Longby Mackay1
Expression of IndecisionThis is a continuation of my post on February 25. The price is now in a REC i.e. the price fluctuates between two lines that are not parallel. It's an expression of indecision – investors can't figure out whether to go up or down. There was a false break-up on May 7. At the time of break one could get the suspicion that the break would be false as there was no support in volume and RSI. But there was not a break the opposite way as we often observe. by scorpirisUpdated 1
Uranium could explode back half of 2024CCJ leader of uranium. CCJ has been developing a text book Livermore Accumulation Cylinder. In the last uranium bull market CCJ developed this accumulation cylinder over 4 years from 2000-2004 and now its doing the same accumulation cylinder from 2020-2024. We are in the final flush out stage 7 before an explosive wave 8 up. The chart on the right shows CCJ/SPX. You can see we are in the final bearish flush-out stage before CCJ starts outperforming SPX massively. The ratio also signals CCJ is a long way from outperforming SPX so the real bull has not even started yet. We can confirm this analysis by the miners underperforming the metal - URA/U.UN. Once the miners start outperforming the metal, the real bull takes place as we are on the APEX of that happening soon. The Junior miners will be the stars of the show when the big capital rotates into the smaller developers and explorers.Longby AxeCapp7
Cameco Daily ChartBelow is a zoom in on the actual #Cameco trade w/ entry & exits for our members. In hindsight, we exited at the top, but that isn't important. What is important was respecting our trading framework. When #uranium gives us its next low risk, high reward entry, we will play it.by Badcharts2
Cameco Daily Log ChartDaily defined run for #Cameco has ended almost one month ago. You had an opportunity to exit in strength a month before that. We are now in a correction which can be achieved with time and/or price. #uranium #stocks AMEX:URA #trading NYSE:CCJ TSX:CCOby Badcharts3
The technical picture is negative in the short termCameco has descended through the floor in a rising trend and the price is approaching the SMA200. There are breaks down from a small double top and large double top. The small formation is supported well by volume, and the large one is to some extent supported by volume. Price momentum indicators incl. RSI have a weak trend and stand in the short term on sell. Refers to Trading View. On Trading Veiw, 12 analysts have a price target after a year from 48.18 to 54.43 and 10 hold on strong buy. On Yahoo Finance, 6 out of 8 have a buy recommendation and an average price target of 54.18. The technical picture is negative in the short term. But there's a lot of faith in the stock among analysts. I have chosen to reduce my position, but hold a smaller part. If things right, I can go back, but you shouldn't be emotional with your investments. Keep in mind, you need to do your own research and assessment before buying and selling. by scorpiris0
Cameco (CCJ) Still Trending UpI'm long on CCJ since the break of 32.53 and will continue to ride the trend for now. I'm on double size relative to my usual positions and remain that way unless the 89 day SMA hold the trend and reduce it to normal size if it broken. The main trend I follow is the orange one. I expect nuclear energy to grow significantly over the next ten years. Because of that I'm bullish on CCJ over the long term.Longby orancapitalUpdated 0
CCJ - Bottom fishing with very small risk.I'm looking for a rise from current levels as long as price stays above 40.55$ which is my Stop . Very little risk with a profit potential of 3R if not more. Longby ElliottWaveBelgium1
Box on CCJDouble bottom at $41.3 with test of the EMA. An action lower would create a negative price action and a possible pullback.by TizyCharts0
RetracedWithin an intact uptrend we have corrected the rise since January by 50 % now and may continue the rise.Longby motleifaulUpdated 2
CCJ reached important macro-resistance zonePrice has reached an important macro resistance zone: 39.40-45.91-48, that coincides with 0.618% extension of wave I (2000 low - 2007 top time span) from wave II bottom (2020 lows). Monthly view This 0.618% extension aligns with standard 2.00% resistance of the fifth wave - wave (5) - of first impulsive structure (wave (1)-(5)) that started in March 2020. If price stays bellow the top boarder of the resistance zone (48), the structure is prone to the start of the possible multi-year correction to support zone: 20-12. I price will be able to move confidently above 48 and close above it on volume support for several session, than the proposed price structure needs to be revised. Next resistance zone in that case is close to 76-80 area. Breaking bellow 21ema with volume increase could be confirmation sign for the larger correction starting. This levels could be used by any shorts with 21 ema or prior (Feb 2021) left side pick at 44.81 as a covering guide (with resonable 2-3% latitude). Thank you for your attention! Shortby artemfedorovUpdated 5
Shortage of Uranium CCJ CCJ 50 now. am long term bull on CCJ, keep in mind that higher Uranium prices will bring more supply to the market place. I see a lot of new bulls chase it here at 50 but I think it may want to first fill some gaps near 42-45. For cutting edge analysis on hottest of topics, consider following. Stay Frosty!Longby Beyond_Charts224
CCJ... are we destined to repeat the past?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 my friends -Benz951 {edit} short term- ups and downs for Options. Puts winning as we come back down from hitting the intraday high. id expect a small continuation monday morning, to only bounce and go back up. Longby JbridgezUpdated 555
Supercycles in commodities - i.e. Bitcoin, UraniumSupercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued. In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the rewards of mining bitcoin), which is causing supply-shock and aftermath in the form of speculative bubble. I strongly believe we are about to see a supercycle in Uranium in the following years. Spot price of that commodity is right now under-valued to such an extent Cameco (one of its largest global providers) is buying it from the spot market in order to meet the contracts and keeping some of its mines closed (waiting for the prices to rise). Currently there are about 440 active nuclear reactors and 50 being constructed (more than 10% of the actual number) mainly in China and India (respectively 16 and 6 as of March 2021). Interesting pair, isn't it? If the rest of the world does not want to stay behind they will have no choice but to follow that direction. Nuclear energy is not opponent of wind and solar energy. It is their carbon-free companion versus the coal. Technicals: We are confirming the falling wedge break-out right now. If price action will succeed to do so, there might be rally much quicker than I expected when I first opened position. Longby papaya_musical_analysisUpdated 3
Fire WolfOnce again Fire Wolf is roaming in our sector and visited CCJ. It is here for last pounds. It will consume them fast and will shine brightly.Longby FiercePears4