Hi there! Coach JR here with another coaching video. Once again, I’ll show you how to use some basic tools every trader should equip themselves with.
And to do so, we’ll take a look at Cameco.
Cameco is the world’s largest publicly traded uranium company and, in 2015, was the 2nd-largest uranium producer (18% of ALL global uranium production).
Now, this company took a big hit in 2011 after the horrible Fukushima meltdown. They had to cut production and staff immensely.
Events like Fukushima and the infamous Chernobyl terrify people of nuclear energy. It conjures up images of meltdowns and destruction.
But here’s the thing: meltdowns aren’t exactly a common occurrence, and the industry is working tirelessly to make nuclear even safer. And of course, nuclear is some of the cleanest when done right. It protects air quality, minimizes land use, and produces tiny amounts of waste.
But I’m not here to advocate for nuclear energy or discuss Cameco’s fundamentals. Instead, I want to show you how you could potentially profit off Cameco over the long term.
This company saw a long decline over the past 10 years… but they’re slowly coming back. Based on my analysis, it could be a great long-term investment. We’re targeting $31/share for the first target and $80 for the second.
Of course, it won’t go straight up. Price rotation is at play here.
But, like with my recent coaching video on Tesla, I’ll guide you through Cameco’s price rotation…
And I’ll show you how to spot the stock’s peaks and pullbacks with Fibonacci retracement.
Watch the video above to learn more…
Then click here to gain access to all my coaching and research!
