Cameco is one of the world’s largest uranium producers, involved in the exploration, mining, refining, and conversion of uranium for use in nuclear power generation. The company’s operations span across Canada, the United States, and Kazakhstan. Below we are updating the Elliott Wave outlook for the company.

Cameco ($CCJ) monthly Elliott Wave chart

Chart

Monthly Elliott Wave Chart of Cameco above shows that the stock ended wave (II) Super Cycle at 5.30. It has started a new super cycle wave (III) which should eventually take it to new high above wave (I) at 56. Up from wave (II), wave ((1)) ended at 28.49 and dips in wave ((2)) ended at 18.03. The stock extended higher again in wave ((3)) as a 5 waves impulse. Up from wave ((2)), wave (1) ended at 32.49 and pullback in wave (2) ended at 20.02. Wave (3) of ((3)) is currently in progress and should continue to see further upside.

$CCJ Daily Elliott Wave chart

Chart

Share: Feed news

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Recommended content


Recommended content

Editors’ Picks

EUR/USD bounces from daily lows, returns to comfort zone around 1.0750

EUR/USD bounces from daily lows, returns to comfort zone around 1.0750

EUR/USD bounced amid broad US Dollar weakness following the release of US employment-related data. Initial Jobless Claims unexpectedly surged in the first week of May, undermining demand for the American currency.

EUR/USD News

GBP/USD battles 1.2500 post-BOE as USD turns south

GBP/USD battles 1.2500 post-BOE as USD turns south

GBP/USD fell towards 1.2440 as the Bank of England left monetary policy unchanged, pointing to delayed yet potentially steeper rate cuts. The pair bounced nicely in the American session as an improving mood undermines demand for the US Dollar. 

 

GBP/USD News

Gold jumps towards $2,330 on sudden USD weakness

Gold jumps towards $2,330 on sudden USD weakness

XAU/USD trades within familiar levels but turned north early in the US session amid a sudden USD decline, resulting from discouraging US employment-related data as Initial Jobless Claims unexpectedly increased in the week ended May 3. Easing T-yields add to Gold gains.

Gold News

Solana meme coins TREMP, BODEN rise after Donald Trump’s pro-crypto stance

Solana meme coins TREMP, BODEN rise after Donald Trump’s pro-crypto stance

Solana-based meme coins TREMP and BODEN post nearly 125% and 7% gains on Thursday. Former US President Donald Trump says his campaign will likely accept crypto donations. 

Read more

Bank of England inches one step closer to a summer rate cut

Bank of England inches one step closer to a summer rate cut

The Bank of England is undoubtedly turning more optimistic, but it’s keeping its options open amid some uncertainty surrounding the near-term inflation numbers. We still narrowly expect the first rate cut in August.

Read more

Forex MAJORS

Cryptocurrencies

Signatures