Tokyo Electric recently tried to cancel an order with Cameco worth over a billion dollars http://business.financialpost.com/news/mining/cameco-corp-vows-to-fight-back-as-japans-tepco-cancels-1-3-billion-uranium-contract

They’ve had some more positive headlines recently http://www.fool.ca/2017/02/15/cameco-corp-upgraded-is-the-stock-ready-to-explode/

So how do the charts look ? Here’s a look at the daily chart going back to 2000

Reminds me of another big wedge in gold (coincidence ?)…

They’re both heading towards a decision point. Anyway looking more closely at Cameco and zooming in a bit, you can see price bouncing nicely off support…

The daily chart may help tell us which way this is going…

I know that some think it may be another year or so before the Uranium sector reaches escape velocity, but this looks bullish to me at the moment.