February 22, 2021, 4:54 pm EST
2021 Actual Trade: CCJ +25% Profits
Clean energy or alternative energy was a hot topic by the Biden administration so we had an article for the gold member on Cameco (CCJ) on 12/11/2020:
https://marketfellow.com/2020/12/11/stock-picks-clean-energy-or-nuclear-war-ccj/
Technically, CCJ registered a +10% gap-up breakout from an ideal round-shape cup pattern. Thus, it got our attention to follow up with CCJ. We decided to get in after four trading sessions on 12/11/2020 near 13 because 12-13 formed to support.
It went up well for the next few weeks.
Although there was a deep pullback almost wiped out all paper profits. But we held through it as 12.5 offered support level in volatile January.
Then, CCJ cannot wait to rally as outstanding volume came in on February 1, 2021, with +18% gains. Institutional investors decided to join the party. It boosted CCJ to our finish line with +25% profits.
