Two weeks ago we reported on Cameco (CCJ) as one to watch for a possible moving average undercut & rally (MAU&R) long entry along its 20-dema. That took a couple of attempts, but the most recent shakeout at the line occurred last Friday and yesterday ahead of today's big-volume pocket pivot move back up towards the highs. We would not chase this here since it was much more optimal to come in near the 20-dema previously. We simply note the big move on a day when the major market indexes have a far less appetizing look to them.
Pocket Pivot Review - Cameco (CCJ) 10/12/21
|Published:||12 Oct 2021 15:08 ET|
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