Neither Cameco (CCJ) or Energy Fuels (UUUU) traded enough volume for a pocket pivot, and in fact the action turned bearish as the day progressed. Both stocks triggered aggressive short-sale entries with CCJ breaking below its 10-dma on higher selling volume, and UUUU breaking below its 20-dema on very heavy selling volume in a bearish outside reversal. These are potential shorts using the moving averages as references for covering guides - we would also want to see the general market context to remain bearish as well for these to succeed.
Pocket Pivot Review - Cameco (CCJ) & Energy Fuels (UUUU) Follow-Up 4/5/22
|Published:||5 Apr 2022 16:26 ET|
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