If you've read my recent posts about CCJ you already know I'm long term bullish on Uranium but am waiting to buy the company at a more reasonable price. Based on my theory that we may be repeating the scenario of a long term breakout and correction as happened many years ago (see chart), then we want to look at potential zones of support to buy. Based on the Fibonacci retracement tool, the last scenario had a correction to the .618 zone, which corresponds to a price of ~15.50 per share. the 200 day moving average is a bit higher, so depending on market conditions I may average in if we start to see a test of the 200 day MA with the expectation that it could go lower.