NYSE:TECK $teckb.to has found support for 3 weeks in a row now at around $34, and we got the rising bearish wedge breakdown. The measured-move target is around $25.
this does not look healthy. What exactly is price projecting here?
Is this a buy the dip chance now that the gap has filled? I say yes.
I like the wave count and Risk Reward. Completed 5 and an ABC completion. Stop below the recent low and will trail accordingly as it moves.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 40/61.80%
Looks bullish, but traders are still going to need a push to get past that bearish gap and step in to go long.
getting slightly higher highs, and higher lows which tells me its on its way up, the DI+ has spiked up which tells me the ADX will soon follow, once ADX is above 25 its considered a strong trend. RSI has just moved above the 14 day average RSI line which is a positive for it to gain in price. i think its breaking out for next highs,the 2 very bullish candles tells...
$teck really squeezed here. Ascending triangle is normally bullish. Price above MA10. #copper
TECK has bounced off its covid lows very well and is now hovering around resistance waiting to break upwards.
So, the original Teck play , as posted, was stopped out. But Teck is working at a comeback today and is closed fairly strongly above the 10/21 EMA near the top of its daily price action . Volume looks pretty good too. So back in I go ~ Stop vs 21 ema with a 2R target to de-risk .
Desicion to Buy. Entry Price = $40.95. Target Price=$41.95. Stop Price=$39.88.
TECK rejected off trend/strong resistance area, targeting 38.97-37.86-37.09
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...
Desicion to Buy. Entry Price = $40.78. Target Price=$42.13. Stop Price=$39.43
Desicion to Buy. Entry Price = $40.68. Target Price=$42.00. Stop Price=$39.24
The long term trend is bullish I just bought the breakout of the previous high
Teck resources Ltd ( NYSE:TECK ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 22.179B Current Price: $41.49 Breakout price: $38.65 (hold above) Buy Zone (Top/Bottom Range): $40.30-$37.10 Price Target: $30.80-$31.20 (Reached), $38.20-$38.90 (Reached), $46.00-$47.80 (3rd) Estimated Duration to Target: 21-22d (3rd) Contract of...
Desicion to Buy. Entry Price = $37.05 . Target Price=$38.08. Stop Price=$36.02