VoSI VooDoo(TM) Report - Cameco (CCJ) Follow-Up 1/12/21
| Published: | 12 Jan 2021 12:05 ET |
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.
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