TECK has been in a pretty strong daily uptrend since early 2020 and has shown considerable strength these past few months .
Decided to enter on the wedge pop here.
Also, looks like some decent volumes flowing in .
Institutions hold 68 % of float and transactions are positive .
Avg daily volume 5.32 M passes my 500K requirement with flying colors too .
I don't follow advice of analyst upgrades/recommendations but it also doesn't hurt to see two upgrades from
Jan 10th and Mar 9th too .
* Earnings is coming up soon on Apr-27th . I will drop the trade early if it stagnates ect ect and I can not de-risk it pre earnings . Probably still a healthy amount of time for TECK to do its thing imo . None the less have set an alert on calendar .
Entry - 40.44
Initial PT - 44.83
Stop - 38.28
Decided to enter on the wedge pop here.
Also, looks like some decent volumes flowing in .
Institutions hold 68 % of float and transactions are positive .
Avg daily volume 5.32 M passes my 500K requirement with flying colors too .
I don't follow advice of analyst upgrades/recommendations but it also doesn't hurt to see two upgrades from
Jan 10th and Mar 9th too .
* Earnings is coming up soon on Apr-27th . I will drop the trade early if it stagnates ect ect and I can not de-risk it pre earnings . Probably still a healthy amount of time for TECK to do its thing imo . None the less have set an alert on calendar .
Entry - 40.44
Initial PT - 44.83
Stop - 38.28
Trade closed: stop reached:
Stopped out on full position today
艾力克~