Cameco (CCJ) – Impulse structure unfolding from April 2025 base
|Cameco Corporation (CCJ), a leading global producer of uranium, plays a pivotal role in the nuclear energy supply chain, mining and refining uranium. Headquartered in Canada, the company benefits from long-term contracts and a strong position in an industry poised for growth amid rising demand for clean, reliable energy. We will look at the long term Elliott Wave path in this blog.
Cameco ($CCJ) Monthly Elliott Wave chart
The monthly Elliott Wave chart for Cameco (CCJ) reveals that the stock completed a major long-term correction, labeled wave (II), at a low of $5.17. From this base, Cameco has initiated a new bullish cycle with substantial upside potential in the coming years. The stock is currently advancing in wave (III). From the wave (II) low, wave I peaked at $62.55. Wave II pullback followed to $35 in April 2025. The stock has since nested higher into wave III. Another leg up is expected to complete wave ((1)) of III. A subsequent pullback in wave ((2)) should follow before the uptrend resumes.
$CCJ daily Elliott Wave chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.