Cameco Corporation
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Cameco Corporation - A Commodity Supercycle

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Taking a brief look at the current Elliott Wave structure of Cameco Corporation, we notice the following:

A Zigzag structure is currently unfolding (5-3-5 substructure), this suggests that wave (c) = 61.8%, 100%, or 123.6% of wave (a).
If this structure is indeed valid, this bullish trend may last for several years, talk about a commodity supercyle.

Let us know about your thoughts in the comments below!

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