Cameco (CCJ) played out as a short yesterday when all was said and done, as we discussed that it could in yesterday's last VooDoo Report. It buysted the 10-dma on much higher volume vs. the prior day and headed lower into the close. It is now approaching the 20-dema, which could be viewed as a near-term cover point. However, a breach of the 20-dema would seal the deal with respect to this now becoming a full-blown base-failure short-sale set-up.
VoSI VooDoo(TM) Report - Cameco (CCJ) Follow-Up 1/13/21
|Published:||13 Jan 2021 09:49 ET|
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