Cameco CorporationShort
Retracement levels for CCJ
Weakness growing for CCJ. I'm going to close half the position and open a short
Technically there's only so many times you can knock on the resistance without breaking. I think this bull move has run out of steam. Looking at a a retracement now. First to 0.236 Fib level. Then possibly the the stronger 0.382
● latest local top
● RSI =>70 multiple times
Target 1:
● 20 EMA and 0.236 Fib 29 - 29.3 region
Target 2:
● 50 EMA and 0.282 Fib 26.9 region
Technically there's only so many times you can knock on the resistance without breaking. I think this bull move has run out of steam. Looking at a a retracement now. First to 0.236 Fib level. Then possibly the the stronger 0.382
● latest local top
● RSI =>70 multiple times
Target 1:
● 20 EMA and 0.236 Fib 29 - 29.3 region
Target 2:
● 50 EMA and 0.282 Fib 26.9 region
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.