From my last analysis, Cameco sadly missed my previous Short-Term goal by roughly 2.0%, only gaining about 8.6% after my analysis. This was due to Cameco not hitting my “Definite Buy” line, which I used as reference. If it had hit the line, Cameco would have probably risen up to more than €40.00. Now, here is my more conservative analysis of the next five bar potential.
Cameco has an 8.74% growth potential in the next 5 bars (7 days) according to my analysis, to Fibonacci(0), located at the upper POI (Point of interest, in this case resistance line). This would throw the Stock at €39.135, before it will likely regress a little bit. By extending the Fibonacci from the last lower POI (in this case support) we can see that there's an optimistic potential of getting to the “Maximum Target line”, which would mean a growth of about 10% to €40.158.
In terms of risk management, I would not recommend leverage above 10, as Cameco's support is set at €30.2, 16.65% down from current price, causing a total loss.
I hope you liked my analysis, I would kindly ask you, to share suggestions and your own thoughts in the comments. Thank you! -- Henrik B.