Guerilla Stock Trading detected an unusual dark pool trade in Cameco $CCJ stock on August 30, 2022.
The dark pool trade appears to be a buy order as CCJ immediately stopped going down following the print.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
Cameco $CCJ Bullish Option Flow Detected
Guerilla Stock Trading detected bullish option flow in $CCJ stock on August 30, 2022.
Make sure to review this lesson on option flow so that you understand the image above.
Nuclear Power Use Forecast To Rise
Among those calling for an increase in the use of nuclear power is Tesla CEO Elon Musk. On Friday, he tweeted that limiting the use of this energy source “is insane from a national security standpoint & bad for the environment to shut them down.” Musk went on to call environmentalists who opposed nuclear power “sadly anti-human.”
On August 24, 2022, Japan’s Prime Minister Fumio Kishida announced that the country would not only develop new nuclear power plants but also restart up to 17 idle nuclear power plants and extend the lives of the ten operating nuclear reactors.
Stateside, the U.S. government issued a ‘request for proposal’ (RFP) for the first time in years to add to the Uranium Reserve.
📺 Rick Rule is Buying Uranium Stocks
📈 Cameco $CCJ Chart Technical Analysis
Cameco $CCJ is in a technical uptrend. Long-term indicators support a continuation of the uptrend; however, the market is approaching overbought territory, suggesting that a trend reversal on profit taking is possible. The pattern on the chart is a massive Symmetrical Triangle breakout.