Cameco, Market Leader, Signals Bull Market In Uranium Market Underway In 2018

One of the keys to success is choosing the right timing to enter and exit a position. The right timing, mostly, assumes that underlying there is good research and lots of patience. Now, a consolidation period has the largest profit potential, but is the hardest period to overcome. We will illustrate this insight on the uranium market, and, specifically Cameco as a uranium market leader. This stock signals that a bull market in uranium is underway in 2018.

The point with a consolidation period is that it comes with heavy emotions as it can have wild swings to resistance (hope) and support (fear). Even for us, experienced analysts, it can be a roller coaster primarily because of false breakouts and false breakdowns. This is what we mean:

Uranium Continues To Be Mildly Bullish. Time To Accumulate? (March 2018)

Breaking: Uranium Miners Breakout Happening Now (December 2017)

Uranium Stocks In 2018: Pressure Cooker Ready To Explode (November 2017)

Uranium Mining Stocks Break Down (April 2017)

Uranium Mining Stocks: Strong Fight Between Bulls And Bears (March 2017)

Essentially uranium miners are building a strong base for close to 2 years now. Such a period of consolidation is nerve-wracking, many investors give up because their position does not become profitable, and, right at a time when most give up, the next big move starts.

We believe that is what about to happen now in the uranium markets because of two reasons:

  1. Cameco, market leader and largest uranium miner, has built a solid base and shows a series of higher lows spread over a long time.
  2. It is about to test its breakout level right at a time when another leader, UEC, is inches away from a mega breakout.

Can this become another false breakout? Absolutely, which is why patience is so important. If this one is not a home run, then it will be the next attempt. But who can hold strong in this period, and be patient, when so many other stocks and markets go higher?

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