Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
Your email will always remain private.

Pocket Pivot Review - Cameco (CCJ) 10/27/22

Cameco (CCJ) is an unusual situation here. It in fact played out as a Shortable Gap-Up at the open after reporting earnings and beatings estimates with a five-cent profit vs. expectations of a two-cent loss. In its extended state the sell-the-news reaction is not surprising. It has now come all the way back into the 20-dema and 200-dma and is on track to post a pocket pivot volume signature. The wrinkle here is that if it can hold support at the 20-dema/200-dma confluence it could play out as a stalling pocket pivot. This creates a long entry possibility using the two moving averages as convenient selling guides if it fails.
We both like the thematic aspect of a uranium play, as we discussed in yesterday's live webinar. The only question is where the long set-ups come into play and hold up during what is a bear market rally for now, but could develop into something more significant. We have a position in the stock, but may not hold it through the day if it cannot push up and off the moving averages. It initially looked like it was going to fail outright, and testing a long position was a bit dicey. It appears to have stabilized a bit intraday as we see a shift away from big tech and into commodity-related names. But, as we said, the situation is fluid.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy