let’s discuss important aspects of trading such as discipline, money management, psychology, setups, etc.
CCO is up 4.50 since my entry and post , it gapped up two days in a row. Stocks usually give you a hint on their future direction in this case was a volume spike followed by price action.
On the news
Cameco expected to benefit from higher uranium prices, price target raised to $62 at UBS [...]
Some of my positions are starting to go into blue territory again. Both IMO and CCO had some good gains yesterday. Today is expiration day and the CPI results are also expected.
Open positions
Cameco (CCJ in the US) and IMO are two stocks displaying nice chart patterns and have the potential to continue up (IMHO). CCO is currently up +1.11 and IMO +1.07.
Cameco is the world’s largest uranium producer accounting for 20% of world production from its mines in Canada and the US. Our leading position is [...]
Stocks
New PositionsLong CCO.TO @ $56.498, stop loss @ $ 55, risk per unit $1.54
Closed Positions
Sold RY.TO @ $56.98, Net PL $ -1557.00 (-5.2%), risk/reward -2.8RY broke the 5% threshold, had to close it. Shifted resources to CCO. Will get back into it.
