Cameco has descended through the floor in a rising trend and the price is approaching the SMA200. There are breaks down from a small double top and large double top. The small formation is supported well by volume, and the large one is to some extent supported by volume.
Price momentum indicators incl. RSI have a weak trend and stand in the short term on sell. Refers to Trading View.
On Trading Veiw, 12 analysts have a price target after a year from 48.18 to 54.43 and 10 hold on strong buy. On Yahoo Finance, 6 out of 8 have a buy recommendation and an average price target of 54.18.
The technical picture is negative in the short term. But there's a lot of faith in the stock among analysts.
I have chosen to reduce my position, but hold a smaller part. If things right, I can go back, but you shouldn't be emotional with your investments.
Keep in mind, you need to do your own research and assessment before buying and selling.
Price momentum indicators incl. RSI have a weak trend and stand in the short term on sell. Refers to Trading View.
On Trading Veiw, 12 analysts have a price target after a year from 48.18 to 54.43 and 10 hold on strong buy. On Yahoo Finance, 6 out of 8 have a buy recommendation and an average price target of 54.18.
The technical picture is negative in the short term. But there's a lot of faith in the stock among analysts.
I have chosen to reduce my position, but hold a smaller part. If things right, I can go back, but you shouldn't be emotional with your investments.
Keep in mind, you need to do your own research and assessment before buying and selling.
