EARNINGS TOMORROW (2/24) - BMO
Stock is in a healthy bull after breaking out of a 3-month base. Coiling nicely, showing tremendous relative strength. Trying to catch a price expansion through key level.
Earnings are tremendous and accelerating in 6 consecutive quarters, on a YoY and QoQ basis.
TECK outpacing bearish market conditions as minerals are exploding in value over the last few months. Chart showing a strong double bottom set up on the weekly. Daily also showed a falling wedge onto that double bottom resistance area and has ran 10% from that bounce. Resistance off volume profile showing that 37 and 45 will be key areas to break. After that, 50s...
I bring this chart up all the time to show the potential for a very impulsive catch-up to the price of copper with this stock. Looks like a probable double. That's a spring-loaded, dividend-paying, 21-billion market cap (CAD)
$TECK 8 month base on base could work right out of the gate in 2022.
Wished volume pattern is a bit more convincing with stock sitting right below $29 supply line.
$TECK pulled back to its previous 5 months base and successfully tested that level last week. Bounced strongly on Thursday and put an inside day on Friday
The same group as $FCX and as you know, i'm already in that one.
This group looking like it wants to go higher
For the people who like to play in metals, TECK is a Mines & Minerals company out of British Columbia. It got dinged earlier in June due to the politics of the infrastructure bill and that it almost fell apart. TECK has slowly recovered to form a nice flag and had an impressive intraday run on Friday, exiting the week with a hammer candle. It has room to move....
TECK giving us a half decent buy signal. This thing could sink lower but since the risk is next to nothing its worth a shot here at this price. Stoploss below white line, take profits at the colored lines above.
TECK is a mineral and metal mining, manufacturing business who didn't finish 2020 all too well. Keep in mind this ticker is nearly at the top of a...
It took me 2 hours to review 5 charts with this method of analysis. That is obviously not efficient enough, but I was really pleased with the way my ideas continually flowed into one another until I came up with a "solution". Have I created order out of this chaos? Probably not, but this is what I came up with and I'm really excited to see if it plays out....
