By Licia Leslie
November 8, 2025
Hi Shoppers,
Cameco Corporation (CCJ) has been sold off along with the rest of the market but it is primed for a bounce here:
The stock has traded right down to the 50 day moving average which lines up perfectly with my pitchfork support (LOVE when that happens!).
And just look at how perfectly this stock follows my pitchfork stopping at each support level on the way down!
Friday’s action created a bullish piercing candle which is a big green candle trading up into the previous day’s big red candle.
This signals a change in the trend – from down to up.
Wait for confirmation of the stock trading higher on Monday before hopping into calls.
This one has potential to retest those highs of last week.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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