Referring back to the daily chart of Cameco (CCJ), we would note that there is a "360-degree" aspect to this current chart position. That is, if it can hold the 10-dma with volume drying up, it would create a voodoo pullback. A breach of the line could also trigger this as a base-failure type of short-sale set-up. This brings up both long and short possibilities in real-time as it plays out. Watch the price action around the line and volume levels as the day progresses. We will play this in either direction at any time.
VoSI VooDoo(TM) Report - Cameco (CCJ) Follow-Up 1/12/21
|Published:||12 Jan 2021 12:05 ET|
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