Cameco long term play $CCO
Recently Cameco touched 50MA.
Cameco has to close and remain above its 50 day moving average (blue line) to consider trend change.
Cameco could go to $21 (0.23 fib line) in 9 months and $29 (0.38 fib line) in months 10-12 WHEN cycle ends, which could be Q2-3 2019 or right now Q4 2018.
DXY and Libor not done rising yet until Federal Reserse stops raising rates in 2019.
Cameco is a buy at $10 or otherwise $5 if doesn't hold above $10 resistance.
Cameco has to close and remain above its 50 day moving average (blue line) to consider trend change.
Cameco could go to $21 (0.23 fib line) in 9 months and $29 (0.38 fib line) in months 10-12 WHEN cycle ends, which could be Q2-3 2019 or right now Q4 2018.
DXY and Libor not done rising yet until Federal Reserse stops raising rates in 2019.
Cameco is a buy at $10 or otherwise $5 if doesn't hold above $10 resistance.
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