Summary: if you ever talk about Uranium or anything related to nuclear power or nuclear plants for what is worth, you do know everyone's brain will bring back memories and tackle right away how dangerous and perversive such energy really is.
However, I must ring the bell and tell you from this point that Nuclear is the new green.
Chernobyl, Fukushima, and other disasters you may think happened some time ago and honestly, the technology revolving around the industry improved.
Still, I am no engineer to expand on the matter, but I do know the world needs sources of energy with little dependency on dictators (Putin and Xi Jinping) who one day will wake up on the wrong side of the bed and have the crazy scent to push a button to send humanity to kingdom heaven.
If you choose to trade this opportunity, never forget, past performance does not indicate future performance; alright?
I suggest you do not pay more than 0.08 cents.
(if you click on the link it will send you to quotemedia to track this Cameco contract)
Now, you would think the volume is the only piece of evidence we now have about this idea.
However, when it comes to capital rotation (behind your charts) someone rotates $25M at a stock price of 22.50$ per share.
At the moment I publish this note, Cameco trades 15.30% lower from the opening price.
The price action does indicate a massive discount if you compare such a level against other opportunities in the last 24 months.
Hawkeye Traders Heatmap does not support the long entry 'someone' is taking, still, the data coming from our in-house algorithms shows the path we may want to walk.
You can support or not the idea, still, never forget our world needs more and more energy and such energy should not be from burning fossil fuels otherwise we will be just cooking ourselves and pre-cooking future generations.
What is your take on Nuclear energy?
Tomorrow I am back with my Live Training No. 04 and I want you to be there.
It's a free event all you have to do is click and enroll.
