Cameco (CCJ) Swing Trade on Intraday Pullback Opportunity

about 1 month ago

Justin Nielsen

"Cameco, ticker CCJ, had a phenomenal day up 10.5%, reaching as high as 86 after crossing key resistance around 80 and 81. The analysis points out that buying at the top may risk a pullback; however, an earlier entry near the 80 level could have captured an intraday move of about 6%."

The recommendation for Cameco (CCJ) advises caution when entering at the highs, suggesting that early entries near the resistance level of 80 could yield approximately 6% intraday gains. The actionable trade call focuses on using intraday alerts to capture the move while managing risk on potential pullbacks.

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