CCJ – Cameco Corp (Last:30.59)

Cameco Corp (CCJ) price chart with targetsCameco, a uranium play, has a chance to emerge from three years of purgatory if it can convert the nascent impulse leg shown in the chart into an abcd pattern that eventually reaches its target.  The impulse leg is promising already, having exceeded the requisite internal and external peaks on the weekly chart as well as a 29.98 target. It needn’t even add a third peak — last January’s 33.74 — to prove itself. I’ve sets screen alerts significantly above and below current levels and will update guidance if either is hit.