Cameco will double its price but it will take time
Looking at its chart we can see how bullish Cameco is. However, a lot of work must be made to double its price.
Because of that, my TA is telling me that I have to wait more to see a confirmation of the uptrend. This is. I see a possible retest to 33$. However, as you can see the trend is bullish as far as 33$ is not taken out.
The measurement of its previous triangle point to 68$, that means that I could double my money if I am a little bit patiente. If that does not happen I will rethink another entry point.
Because of that, my TA is telling me that I have to wait more to see a confirmation of the uptrend. This is. I see a possible retest to 33$. However, as you can see the trend is bullish as far as 33$ is not taken out.
The measurement of its previous triangle point to 68$, that means that I could double my money if I am a little bit patiente. If that does not happen I will rethink another entry point.