NYSE:TECK   Teck Resources Ltd
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

Trade closed: stop reached: Stopped out on full position today


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.