I drew this multi year ascending channel last year. It raised my ears at the time but I've been around too long to know a correction of this magnitude wasn't beyond the realms.
Now, the parabolic move is all but gone and Cameco's share price sits right on the trend line.
It either, consolidates and bounces off the line or it continues its correction into the channel to form a bottom.
In saying this it's still significantly outperformed most stocks over the last 5 on much improved nuclear energy narrative.
Why am I saying this, I'm always looking to buy value propositions rather than overvalued ones and hyped chatter.
Opportunity awaits for those with funds.
Stokdog retweeted
Germany's Merz admits:
It was a serious strategic mistake to exit nuclear energy.
We are now undertaking the most expensive energy transition in the entire world.
I know of no other country that makes things so difficult and expensive as Germany.
Stokdog retweeted
I've placed this ad in The Australian & AFR. Years ago I ran an ad re Australia needing to go to nuclear submarines. The Coalition changed its policy & had support from the opposition who I was told would not support nuclear submarines. Now we have to consider nuclear power.
Stokdog retweeted
Good Morning from #Germany where industrial output fell for a 5th mth in Oct — adding to evidence that Europe’s largest economy is on track for a recession.
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Key items on the agenda for next week's #uranium lunch:
*Whose answers will be shorter? John or @brandon_munro?
*Will @MikeYoungPerth be as serious as his photo suggests?
*When will Siobhan upstage the rest of the panel?
$DYL $92E $BMN $VMY
Stokdog retweeted
Some awesome Aussie investing/trading accounts #FF
@ForrestfieldFF
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