Another Look At Cameco
Thank you to Surf for your thoughts on this one. I hold about half a dozen Uranium miners – all are very nicely in profit. I’ve been watching for confirmation of the next move, and Surfs bearish take has re-doubled my vigilance. This is a seasonally weak time of year for this sector, so weakness wouldn’t be at all surprising. I’ve been looking to Sept/Oct/Nov for more positive price action. These things are so volatile, so it would be a very good idea to step aside the moment the support line is broken. Anyway, I’m holding for now. Here’s my chart…
This will resolve upwards.
If it doesn’t.. change that “will” for “could”