CCJ – Weekly
Cameco corporation. Supplier of fuel for atomic reactors.
Its been two years building out a triangle.
Will it be a consolidation or a reversal pattern?
We could know its intentions in the next several weeks.
(assuming the bottom rail is correctly placed)
EDIT:
URA is a better example because being an ETF it contains a basket of stocks. Also its sitting on the bottom rail of a tighter triangle. So, consolidation or reversal? We’ll know soon.
(Unable to upload the chart into post. See Comment section)
https://stockcharts.com/h-sc/ui?s=URA&p=W&yr=7&mn=0&dy=0&id=p72363726754&a=473099695&listNum=11