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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • Cameco Corp.: Analysis 0 comments
    Jun 23, 2014 10:29 AM | about stocks: CCJ

    This earlier post discussed the technical condition of Cameco Corp. (NYSE:CCJ) and indicated that it may be under accumulation.

    The first entry was described in the same post (above) and after a brief gain, that entry on CCJ was stopped out.

    The original premise remained the same (CCJ under accumulation) and the price action was monitored for another opportunity.

    That opportunity appears to be at hand.

    This morning's entry was executed at 19.78. Price action then declined (briefly) to a low of 19.63 to post was appears to be the session low.

    (click to enlarge)CCJ Daily

    Chart by TeleChart

    At this time, price action appears to be pulling away and a breakout to the up-side may be forthcoming.

    Disclosure: The author is long CCJ.

    Stocks: CCJ
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