Cameco is a leading Canadian uranium producer based in Saskatoon. The company operates some of the world’s highest‑grade and lowest‑cost uranium mines. It also maintains a significant presence across the nuclear fuel cycle through refining, conversion, and fuel‑manufacturing assets. In this article, we will look at the long term Elliott Wave path.
Cameco ($CCJ) Monthly Elliott Wave Chart
The monthly Elliott Wave chart for Cameco (CCJ) indicates that wave (II) of the Super Cycle ended at $5.17. From there, a powerful impulsive advance in wave (III) followed. From the wave (II) low, wave I completed at $62.55, and the subsequent pullback in wave II finished at $35. The stock then resumed higher in a nesting sequence, with wave ((1)) ending at $110.16 and wave ((2)) pulling back to $77.7. As long as price holds above $5.17, any pullback should find support in a 3‑, 7‑, or 11‑swing structure, with the broader trend favoring further upside.
$CCJ Daily Elliott Wave Chart
The daily Elliott Wave analysis of Cameco (CCJ) shows that wave II completed at $35.72. From that low, the stock resumed higher in wave III, which is unfolding as a five‑wave impulse. Within this advance, wave ((1)) peaked at $110.16, followed by a pullback in wave ((2)) that ended at $77.7. In the near term, as long as the pivot at $35.72 remains intact, any pullback is expected to find support in a 3‑, 7‑, or 11‑swing structure, setting the stage for further upside.
We appreciate your interest in our Elliott Wave insights. While Cameco (CCJ) isn’t included in our standard coverage, our service provides comprehensive Elliott Wave analysis across stocks, ETFs, indices, forex, and commodities. You can explore our full range of updates by starting a 14‑day trial.
Back
